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.
german 40 is in stron up trend the next move will be 18500 than it will retrace
I'm anticipating a retest on the Germ30 to fill the order block then start trailing back up.
Good day and i hope you are well. There is a theory of markets, that the ‘Generals’ usually lead the way for the next impulse. I have no idea about the proven probabilities of that but let’s just talk about some big stocks here, which supports my bigger bearish market thesis, that this still might be the blow-off top at the end of a very long ongoing bull trend...
DAX has seen some deep pullback in 2023, but it was A-B-C drop into the important 14400-14600 area. We can see nice and clean impulsive recovery from that support area and back to new highs, so bullish trend is back and it's very strong one; a move that can resume even higher after recent consolidation. Ideally that's wave 4 that can be now completed with current...
according to my analysis based on high time frame and fibbo retracement ger4o is going toward 18030/18080 and i highly recommend to start your swing with risk management and i see that the market is over bought so i can se shorts starting from this zone.
The DAX stock index is approaching the overlapping zone of bullish targets, and we expect to end our move by recording the historical ceiling in the overlapping zone and FTR doing for the broken ceilings.
On ger30 we can also see that the market is consolidating withing the daily structure as all directional timeframss confirmed the bullish momentum.
Pair : Germany 30 Description : Completed " 12 " Impulsive Waves RSI - Divergence Break of Structure Double Top Resistance Level Bullish Channel as an Corrective Pattern in Short Time Frame
Greetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
Pivot 17655.00 Our preference Long positions above 17655.00 with targets at 17775.00 & 17817.00 in extension. Alternative scenario Below 17655.00 look for further downside with 17618.00 & 17576.00 as targets. Comment A support base at 17655.00 has formed and has allowed for a temporary stabilisation. Supports and...
The DAX (GER40) could rise towards a potential breakout level and make a bullish continuation towards our take-profit target. Entry: 17,830.55 Why we like it: There is a potential breakout level (wait for 1-hour candle to close above 17,830.55 for a breakout confirmation) Stop Loss: 17,569.05 Why we like it: There is a pullback support that aligns with the 23.6%...
FX:GER30 There are only 2 possibilities for me here, if Ger30 fails to break the X indicated High from a demand spotted, there's a high chance of going down to the POI that is eyed, but because of the harsh bullish trend that has been going on, should it break without contacting the demand within the retracement zone, candle stick communication...
Short Term Elliott Wave View in DAX suggests that rally 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 dips in wave ((ii)) ended at 16834.94. Up from there, wave ((iii)) is in progress as a 5 waves impulse. Wave (i) ended at 17198.45 and pullback in wave (ii) ended at 17019.15. The Index extends...
I was looking for a move lower for DAX yesterday and we got the move (). Levels worked perfect despite the somewhat choppy movement (DAX was strong despite weakness in the US indices). The strong level below held perfectly while the level above also provide a good short during the US session and mentioned in the group chat. If I look at the daily candle, price...
Good evening and i hope you are well. Today most markets showed some restraint and bulls actually began taking profits, which is very unusual for the last weeks, to say the least. We don’t know if bulls will be more cautious buying at the highs this time and we go more sideways or bulls will continue the pump further. I will give an update on Bitcoin tomorrow on...