Bullish bounce?DAX40 (DE40) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 23,479.66
1st Support: 23,317.44
1st Resistance: 23,873.56
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Trade ideas
Technical Analysis WeeklyGermany 40 remains in a sideways trend, trading at 23,840, just above its VWAP of 23,629 after rebounding off range support. The RSI at 53.2 suggests mild upward momentum. Support is at 23,396, with resistance at 24,000.
UK 100 continues in a bullish trend and is currently in a correction (triangle) phase. It is trading at 9,317, above its VWAP of 9,245. The RSI of 61.4 indicates steady buying interest. Support is at 9,172, and resistance is at 9,333.
Wall Street remains in a bullish impulsive phase, trading near record highs at 46,380, above its VWAP of 45,984. The RSI at 63.0 supports strong bullish sentiment albeit not overbought. Support sits at 45,379, with resistance at 46,590.
Brent Crude is in the same choppy range-bound conditions with reduced volatility from weeks prior, trading at 6,886, above its VWAP of 6,719. The RSI of 59.1 suggests moderate strength. Support is found at 6,500, and resistance is at 6,939.
Gold is maintaining its epic bullish impulsive phase, trading above the 3800 handle for the first time at 3,806, well above its VWAP of 3,613. The RSI at 79.1 indicates extreme overbought levels. Support is at 3,492, and resistance is at 3,734.
EUR/USD has dropped back into its range after a failed breakout. It is trading at 1.1726, slightly below its VWAP of 1.1750. RSI at 49.9 indicates a neutral stance. Support is at 1.1638, with resistance at 1.1832.
GBP/USD remains in a neutral trend within a range phase, currently at 1.3437, below its VWAP of 1.3514. The RSI of 45.5 shows slightly bearish momentum. Support and price are aligned at 1.3357, with resistance at 1.3673.
USD/JPY is in a neutral trend and remains range-bound, pulling back from the 150 round figure, trading at 148.85, just above its VWAP of 147.93. The RSI at 56.4 shows slightly bullish momentum. Support lies at 146.14, while resistance is at 149.72.
German index - weekly outlookThis is my take on the German index. Fully technical, no fundamentals. I'm looking for sell opportunities in the red boxes. However I will wait for lower timeframe reversal signals. Key level to monitor ; price rejection at the black and blue lines.
Trade safe. Manage risk accordingly.
GER40: 24K FORTRESS UNDER SIEGE! European Bull Run 🚀 GER40: 24K FORTRESS UNDER SIEGE! European Bull Run 📊
Current Price: 23,763.00 | Date: Sept 27, 2025 ⏰
📈 INTRADAY TRADING SETUPS (Next 5 Days)
🎯 BULLISH SCENARIO
Entry Zone: 23,720 - 23,780 📍
Stop Loss: 23,650 🛑
Target 1: 23,920 🎯
Target 2: 24,080 🚀
🎯 BEARISH SCENARIO
Entry Zone: 23,800 - 23,850 📍
Stop Loss: 23,920 🛑
Target 1: 23,600 🎯
Target 2: 23,450 📉
🔍 TECHNICAL ANALYSIS BREAKDOWN
📊 KEY INDICATORS STATUS:
RSI (14): 63.7 ⚡ Bullish Territory Hold
Bollinger Bands: Upper Band Test 🔥
VWAP: 23,740 - Critical Pivot 💪
EMA 20: 23,680 ✅ Strong Uptrend Base
Volume: Above Average Flow 📊
🌊 WAVE ANALYSIS:
Elliott Wave: Wave 3 Impulse Active 🌊
Fibonacci Extension: 24,200 Target 🎯
🔄 HARMONIC PATTERNS:
Bullish Gartley Completion at 23,650 ✨
Cypher Pattern PRZ Active 🔄
⚖️ SWING TRADING OUTLOOK (1-4 Weeks)
🚀 BULLISH TARGETS:
Psychological: 24,000 🏆
Weekly Resistance: 24,150 🌙
Gann Square: 24,300 ⭐
📉 BEARISH INVALIDATION:
Weekly Support: 23,500 ⚠️
Critical Break: 23,300 🚨
🎭 MARKET STRUCTURE:
Trend: Ascending Channel 💪
Momentum: Building Steam 🔥
Wyckoff Phase: Mark-up Active 📈
Ichimoku: Bullish Breakout 🟢
🏰 24K FORTRESS BATTLE:
Resistance Cluster: 23,950-24,050 ⚔️
Volume Spike Needed: Above 24,000 💥
Breakout Confirmation: 24,080 hold 🔓
⚡ RISK MANAGEMENT:
Max Risk per Trade: 1.2% 🛡️
R:R Ratio: Minimum 1:2.5 ⚖️
European Session: Prime Trading 📏
🌍 EUROPEAN CATALYSTS:
ECB Policy Supporting Growth 🏛️
German Economic Data Resilient 📈
Export Sector Momentum Strong 🚢
🔥 CRITICAL LEVELS:
Breakout: 23,850 decisive close 💥
Support: 23,700 | 23,620 | 23,500 🛡️
Resistance: 23,900 | 24,000 | 24,150 🚧
🎯 FINAL VERDICT:
DAX storming toward 24K BREAKTHROUGH! 🚀
European strength driving momentum! 💪
Bull channel intact - trend your friend! 📈
Trade Management: Buy dips to VWAP support 💎
Key Battle: 24K psychological fortress! 🏰
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⚠️ Disclaimer: Trading involves substantial risk. Use proper position sizing. Educational content only.
For individuals seeking to enhance their trading abilities based on the analyses provided, I recommend exploring the mentoring program offered by Shunya Trade. (Website: shunya dot trade)
I would appreciate your feedback on this analysis, as it will serve as a valuable resource for future endeavors.
Sincerely,
Shunya.Trade
Website: shunya dot trade
🔔 Follow European Markets | 💬 Share Your DAX 24K Strategy
DAX: Move Up Expected! Long!
My dear friends,
Today we will analyse DAX together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 23,517.46 will confirm the new direction upwards with the target being the next key level of 23,580.90 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
DAX retesting key support at 23400The DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23400 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23400 would confirm ongoing upside momentum, with potential targets at:
23950 – initial resistance
24116 – psychological and structural level
24250 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 23400 would weaken the bullish outlook and suggest deeper downside risk toward:
23250 – minor support
23094 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the Dax40 holds above 23400. A sustained break below this level could shift momentum to the downside in the short term.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
DAX (GER40) - Great Short opportunityNasdaq down (see other idea) Dax playing Games. Was moving in a formation and did some fake breakout to the top today. Now sold back and heading south. I'm exepcting a drop to our previous defined targets.
Short at current position 23680
T1: 23487
T2: 23053
No trading advise.
German DAX | Inverted Cup vs Inverted Head & ShouldersThe FX:GER30 continues to trade around critical technical levels, where multiple patterns are competing to determine the index’s next direction.
In the short term, the main risk remains with the inverted cup and handle pattern, formed above the weekly fractal support at €23,381, which could project a drop toward €22,483 (around -4%). A new daily fractal support has emerged at €23,281, adding pressure just below the previous support/neckline.
On the other hand, the index is also building the base of a potential inverted head and shoulders pattern, with its trigger lying in a breakout above the daily resistance at €23,782. If this breakout is confirmed, it opens the door for strong bullish momentum toward €24,400 (200% Fibonacci extension and the classical target of the pattern). This move could also validate a parallel consolidation channel, suggesting the formation of a bullish flag.
Key fractals to monitor
Weekly resistance: €24,654
Daily resistance: €23,782 (H&S neckline/resistance)
Intraday resistance: €23,742
Intraday support: €23,572
Weekly support: €23,381
Daily support: €23,281
The DAX is at a decision point:
Clear break below €23,281 → activates bearish scenario (target €22,483) .
Sustained breakout above €23,782 → validates bullish scenario (target €24,400) .
Safe Trades,
André Cardoso