How much more bullish can it get?After a failed double bottom following a bullish gartley we now formed a cup and handle under resistance with the handle doing a retest.Longby rower2000Updated 224
The Bear's are backHere is another scenario in which we could risk a short but sharp price slide. And all of this at the window dressing moment (so you have to be prepared that things will turn up again :)Shortby ralffritz214
DAX: Amazing Channel Down symmetry calls for a buy.DAX hit (even breached) the bottom of the Channel Down on the 1D timeframe and reacted with a rebound. It is not a strong one yet as the 1D technical outlook is still bearish (RSI = 34.478, MACD = -177.100, ADX = 34.069) but the remarkable symmetry with the two bearish legs prior, calls for a currently undervalued price for the short term. Technically the two rebounds after making LL inside this Channel Down, reached a little over the 0.5 Fibonacci level. The buy signal becomes even stronger if we take into consideration that we got the first 1D RSI Bullish Divergence. We are buying having a modest target on the 0.5 Fib (TP = 15,100), which depending on how aggressive the current reaction is, can even reach the 1D MA50. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope115
Huge H&S on the DAXYou can clearly see a small H&S pattern emerging within a major one, with the distance of from the base of the major H&S to it's heading taking my projection to the support last seen in Mar 23'. Seeing similar patterns amongst a few indexes and with the VIX at such lows, I'm taking a punt. Shortby SkyTreesUpdated 5
DE30EUR LONG POSITIONThis afternoon, I conducted a detailed analysis of the currency pair DE30EUR, and I decided to open a 'Buy' position. My analysis was based on several factors, including technical analysis and market fundamentals.Longby bruno_ovelheiroUpdated 1
DAX with Bouhmidi-Band: Turning a Day to swing trade DAX - Turning a day trade into a swing trade - This is possible with the #BouhmidiBands. After testing the lower band on Monday, the #DAX turned around and has made up 229 points so far. Longby Sisa871
25102023 - #DAXYesterday's long at 14746 worked almost to perfection as DAX hit the level and rallied 150 points (). What is probably very interesting, IMO, the strength of DAX yesterday. Despite the down moves in SPX and NDX, DAX was resilient, only giving small pullbacks, as it closed near the highs. If you ask me, price action is much bullish but as you can see from the chart, there is an overlap of the DBZ and a triple resistance zone above. So I say today would likely be a very important day, as bond was sideways yesterday; thus today we want to see if bond yield can drop further (indices up). And also at the same time, we want to see if DAX's bullish price action yesterday is real, for a further upside. SPX and NDX were lackluster, partly due to earnings; thus not able to get much clue from there. Can only say that I will be cautious for today. As mentioned, price action is bullish but price is at resistance. Again, will not discount the possibility of a pullback first; thus need to be cautious to look for longs; which IMO, if market give a dip first before attacking the upside, it will be more bullish. But if market goes up to the resistance, especially near the 14960 level, would be cautious for a deep pullback to 14800.by FadeMeIfYouCan0
DAX ShortForecast to short the Dax from 14960, with a 100 point SL. Looking at the confluences; we have a third touch on a trendline, a Key level (previous wick area), as well as the 15000 round number present. With economic conditions and macro conditions being bearish for markets, the idea fits the narrative. Taking partials at 1:1 and 1:2, with the final take profit at TP3. If this trade plays out I will be using the runner from it to cover a but from the lower Daily wick below TP3. Later Traders.. Shortby FalkenFx220
Long IdeaThe market is consolidating and there is a good chance of taking a trade to the upside. There is also a good risk/reward ratio of 2 to 1.Longby ralffritz211
DAX - last chance to return to growth- Business sentiment still weak, but first signals of recovery appearing - Investors sentiment rather gloomy, however no more rate hikes expected - All major indices in downtrend and all at important support levels (except HK50) - DAX at Bullish BUT D-Point and at FR 0.382. If support cluster is broken, next one goes down to 14250 and next to 13640Longby PetrBorosh0
Germany DE30 to rewards bulls with 360+ pipsThe stock has been on a consistent fall in price but a pull back is currently likely play out so as to regain momentum for a possible continued fall. However this current retest may reward counter trend bull traders with +/- 365 pipsLongby Ejike_Odeh0
Don't give up on the DAX just yetYes, the DAX is clearly within an established downtrend on the daily chart. And its drawdown from its record high is relatively shallow at just -11.5% by historical standards - meaning we suspect further losses could be coming. Yet its failure to break beneath the December high and March low has not gone unnoticed. And given it formed a bullish hammer around these key level with a mild bullish RSI divergence, we see the potential for some mean reversion over the near term. Keep in mind that we have flash PMIs for the US and Europe today along with a speech from ECB President Lagarde, US GDP, PCE inflation and a Jerome Powell speech also in focus this week. And that leaves plenty of room for volatility for global markets. Longby CityIndex2
24102023 - #DAXYesterday's levels worked well as market dipped off PZ, dropped to the support zone below before rallying back to the PZ. But there was a pullback again towards the end of the day. Are we going to see a repeat of last Tuesday? Price is still below the BZ thus, cautious on the up move. Ideally, from current looks, we would want market to make a higher low (it could test the lows and rebound). Lots of news today from UK, Europe and US thus it would decide this next move. But anyway, IMO, I would try a long if price goes back above PZ 14748 for a move to 14860 (50 Fib) and 14954 (possible high for today). by FadeMeIfYouCan0
german 30 sellingThree touches on the 15min zone .That exposed the intentions of a selling probability on german 30. Shortby MrPAT261
GER30 short interval:240 min time identified: 02:00 am (UTC+2) DESCRIPTION: we are in a bearish channel plus a nice double top has formed and retraced, we should be bearish for some time. we should bag more than 2000 pips from this one.GShortby sootywhaleUpdated 3
GER40 / DAX Analysis 23Oct2023GER40 analysis is still in accordance with the analysis a few weeks ago, where prices tend to follow the bearish curve. Still at the same price target, prices tend to move towards the Fibo area of 1,618by Hokusai_FX1
GER30 BEARISH After The Ger30 Open Market shot down to make up for the coming retest on the structure made but by the previous market shift so now we will be going short with our SL level set tight as we will be holding this short for the coming days. Shortby ENTRY_MAGNETSUpdated 2
DAX IndexDax heading for 14,000? Looks like it as neckline support has been breached. It's a rounded top chart pattern in play!Shortby Innocentmaponde2
Will DAX turnaround today?DE30EUR - 24h expiry We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. A Doji style candle has been posted from the base. A break of the recent high at 14920 should result in a further move higher. The primary trend remains bullish. We look to Buy a break of 14922 (stop at 14822) Our profit targets will be 15172 and 15232 Resistance: 14920 / 15000 / 15100 Support: 14780 / 14700 / 14600 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA1
DAX Trade [Short] 🔴Based on price action, sentiment and several indicators, a good SHORT opportunity is building here. NFA. Shortby Ben_vouhUpdated 6
still in downtrendafter break the orange trend line the price action break the resistance and see the lower low and lower high . now it is in down trend and stop by support .Shortby aminrichman2
DAX UpdateAfter the correct analysis of the chart in the previous post that mentioned the rise of the index. We are now witnessing a correction in the chart and my prediction is that we will witness further declines. Follow for notifying more Analysis. Boost, Comment for signal, and more.Shortby Ario_trader0