DAX is testing the MA50 (1d) following a rebound on the MA100 (1d).
That was also the bottom of the short term dashed Channel Up as well as the medium term yellow Channel Up.
Technically this is the strongest buy opportunity since May 31st.
Trading Plan:
1. Buy when a (1d) candle closes above the MA50 (1d).
2. Sell if it closes under the Channel Up.
Targets:
1....
We successfully reacted from the golden box, where I placed a long trade. Looking for further upside into wave {i} as we seem to find bullish structure.
Check out the linked idea on the DAX where you'll see my prediction before the bounce!
Feel free to ask me questions, trade safe!
We discuss three scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
Yesterday's speech has no impact. Basically it was a simple basing at PZ then rally day. Lowest price was at open as it rallied then base then rally. There was some resistance during US session but it did not do much to DAX, finding support at the BZ and moving higher. I was much bullish indices yesterday except for the unknown speeches by BOJ and price action is...
DAX is on the 2nd straight green day after the rebound on the 1day MA100. That was also a Higher Low at the bottom of the mid-March Channel Up.
Buy and target Resistance A (16440).
Sell if a 1day candle closes under the 1day MA100 and target the bottom of the December 2022 Channel Up at 15310, where you can take an even lower risk buy.
Previous chart:
...
We are seeing a high momentum to the upside as price broke our pattern as we trade price action , so we will see a high momentum to the upside we will just wait for our confirmation
Pivot: 15950.00
Our preference:
long positions above 15950.00 with targets at 16080.00 & 16150.00 in extension.
Alternative scenario:
below 15950.00 look for further downside with 15900.00 & 15845.00 as targets.
Comment:
the RSI is bullish and calls for further advance.
We discuss three scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
I was bullish DAX yesterday based on price action but was expecting a dip, but instead it went up first, perfectly to a multi-confluence strong resistance and made a triple top there before it came down. PZ was an initial support and gave an initial bounce but sold off to new lows but with bullish divergence and that was when market gave the huge rally.
But what...
Take a look at our analysis for DAX.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 15813.75.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 15987.17 level.
P.S
We determine oversold/overbought...
We discuss four scenarios that could play out today. We see an opportunity for a long trade but traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
DAX made me most of the money yesterday, it did not hit the sell limit level provided but we managed to go long then down it down to 15730 before catching the long moves. See how price perfectly capped the lows yesterday.
On DAX, it is somewhat more bullish yesterday compared to the US indices and yesterday's candle could be a sign of bottoming. But, I would be...
✅DAX has been falling recently
And the stock seems locally oversold
So as the price is approaching a horizontal support of 15,643
A Local Price growth is to be expected
LONG🚀
✅Like and subscribe to never miss a new idea!✅
DAX is dropping and this is why;
- We come from a double top zone that has previously been a double.
- As you know an ascending channel is a reversal partten to the upside.
Drop down to smaller frame to see more.
