In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario...
DAX has turned bullish again on the 1D technical outlook (RSI = 61.214, MACD = 155.000, ADX = 20.016) as it is posting the strongest daily candle of the last 30 days. We consider this move to be counter trend as the Bearish Divergence that is being staged on the 1D RSI looks like the one in late February 2023. That one also posted a counter trend rise on February...
DAX index has broken through previous resistance. Cup and Handle formation has been over 2 years so this is a powerful breakout. Stops at 16,390 and will keep adding to the position in the year. On the daily, we had a retest of 0.236 Fib level and that coincides with previous resistance. Seasonally DAX performs well during the 1H of the year.
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario...
DAX (DE40) gave us an excellent sell signal last time we looked into it (December 14 2023, see chart below), as the 1D MACD Bearish Cross, was our sell signal: Our 16500 short-term target has already been hit, and we now shift our focus on the medium-term as it appears that this pull-back will most likely be extended to the 1D MA50 (blue trend-line) at...
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario...
I was wrong in the direction yesterday. DAX did rally from opening to my target, it hit higher resistance before faltering. I said NDX had a strong resistance and it held completely. Interestingly, DJIA held the selling and see the recovery in DAX towards the half way but NDX is weak. Price action is neutral to bearish and price opened within the BZ. I would say...
Many jokes have been made about the German economy, and for the umpteenth time in recent years, the country's economic decline has been prophesied. Is it finally time for it to happen? No, because the chart situation is clearly bullish. The significant relative strength of the DAX compared to other indices is evident. There is pressure building up, and this...
Hello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering...
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded.
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. ---------------------------------------------------------------------------------------------------------------------- Germany 40 Currently in a bullish trend with the price trading...
- DAX is testing technical resistance at 17000 - German economy is in poor condition and there's not much hope for improvement in '24 - optimism on the market is still very high - small investors return to the stock market so the signals are very mixed. Will it fly or will it fall? This is the question :)
i think that dax is in very extreme mode we shold consider every movement.
Ger 30 sell setup, the 1H is currently bearish and got the pull-back i wanted on 15M , i think we might just see those drops
I gave a short from 16803 on Friday to 16721 (). 16803 was traded, highs at 16811 before it tanked to 16723 and it rallied back to the highs. The sell down was tied to the down move in US indices before the recovery. DAX was relatively strongly. Overall, price action is bullish for monthly, weekly, daily IMO. Currently DAX gapped up and is testing above...
DAX has formed a Channel Down pattern following the December 14th rejection on the Rising Resistance. The 1day MACD has formed a Bearish Cross like the one on November 28th 2022, which is a Top after a similar aggressive rally like the one the index ran since late October. That top also turned into a Channel Down which then broke downwards and hit the 1day MA50,...
DAX: Bearish-SHARK detected. Overbought market! Monitor the PRZ the EMA.50 and EMA.200 are potential targets.
Interesting juncture here: all timeframes show a bullish trend in the German index... I would assume there is some correlation to the trend in the Euro improving, together with the generally bullish long term trend that we observe in equities across the board since this quarter. But, nevertheless interesting to point out this pattern. Germans who might invest in...