DAX is on the pivot point at 17909.64, price could bounce off the pivot and rise to resistance that aligns with 161.8% Fibonacci extension. Pivot: 17909.64 Support: 17653.29 Resistance: 18043.82 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
Short Term Elliott Wave view in DAX suggests cycle from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and pullback in wave ((ii)) ended at 16830.28 as the 30 minutes chart below shows. The Index then rallies higher within in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from...
The Dax40 broke a lower time frame structure, 17930 was a support which was respected at lot, but a quick scapl can be spotted. The trend is although still bullish but the short term bearish setup could be placed upon retest of the structure.
Reason: Market Structure = Bullish Break of Structure Fair Value Gap
Cracks appearing in the run up now. Decent supply coming into the markets. If that shuts off abruptly and gets bought into another short squeeze then I’m wrong. If supply flushes down then could be a big one. Aim for breakeven at signs of failure to push down as it should go quick. This is a low probability, high reward trade.
Europe as is the whole world is now setup for a correction of greater than 5% from 3/11 to April 2 nd 4/2 2024 . I am short and long in the money and at the money puts .
Possible long trade on Dax low volume recovery. 30min uptrend confirmed by 200EMA Volume profile POC closing above previous day and leaving low volume cave below. Market profile showing excess at previous days low and poor high. Potential for price to fill low volume cave with 2 x previous day high and fib retracement. Stop loss below cave, target at round...
Hello everyone, for the ger40 I'm aiming for a bullish continuation after the rebound on the demand zone and the break of the structure.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
GER30 is bullish on 1 Hour time-frame. I have identified 2 areas of interest tongo LONG. Look for the LTF confirmation before taking any kind of entry. Thank You.
reason: structure is bullish break of structure fair value gap
The DAX (GER40) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 17,658.75 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 17,451.85 Why we like it: There is a pullback support that sits under the 38.2% Fibonacci...
DAX (DE40) is extending a very strong Bullish Leg, which started after the previous short-term correction ended on January 17 2024 with a contact on the 1D MA50 (blue trend-line). This is part of an overall Bullish Wave that emerged on the latest Higher Low (October 27 2023) of the 1.5 year Channel Up. However as the 1D MACD is about to form a Bearish Cross...
Decent failure test on GER40 Index. Have to be very careful trading against this momentum.
Start your week by identifying the key price levels and trends. The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex. *KEY Trend direction is set by the slope of the VWAP Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves Support & Resistance are set by the...
DE30EUR - 24h expiry Price action resulted in a new all-time high at 17904. We look to buy dips. 50 4hour EMA is at 17685. The primary trend remains bullish. Offers ample risk/reward to buy at the market. We look to Buy at 17690 (stop at 17590) Our profit targets will be 17940 and 17990 Resistance: 17760 / 17907 / 18000 Support: 17710 / 17618 /...
DAX is approaching the resistance that aligns with 61.8% retracement and could potentially fall to support level. Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 17858.74 Support: 17024.19 Resistance: 18314.71 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital...
In this Technical Analysis I am showing where I expect DAX to go.