GER40 Down. 1234 Pattern. 61.8 Fib Retracement. 3x+ if it goes.
Im learning to recognice the waves. What do you guys think?
DAX eventually broke to the upside following our previous trade idea (see chart below) and hit both our 15635 and 15995 targets: The index is now approaching Resistance 1 (16535), which is the All Time High (ATH) but the 1D CCI shows a Bearish Divergence and potential short-term pull-back. That would serve as an excellent accumulation opportunity for an...
DAX has nice and clean impulsive personality away from the lows in the 4-hour chart which indicates for more gains, but we should be aware of some slow down after a five-wave movement, which can approach the temporary 16530-16600 resistance area from where we may see some pullback.
The DAX in Frankfurt exhibited robust performance, closing at 16,150.17 with a 1.10% surge, largely fueled by positive market responses to German Consumer Price Index (CPI) data and Federal Reserve hints at potential rate cuts. German CPI figures for November indicated a substantial easing of inflationary pressures, favorably impacting investor sentiment....
Hello Friends 😁 Since our last analysis of the DAX, significant developments have unfolded. We've adjusted the analysis slightly to the left, identifying Wave 3, Wave 4, and Wave 5, or alternatively, Wave 1 and Wave A. In my perspective, the upward trend represents either a Wave B or Wave 2 correction. As long as we stay within the 100% correction, it continues...
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as a WXY with an expanded flat as wave X. The secondary scenario assumes that the wave ((2)) low is in after a triple three correction. As long as we do not take out the 31/07/23 high, we are reluctant to make this our primary scenario.
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I like indices move this days but now DAX is in big resistance as very exausted, my opinion even with manipulation can be a nice short, deviation and come down or continuation and i am wrong but the MACD is very divergent...
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.
After Sharp decline due to several reasons (mainly leaded by COVID) the main German Index dis an impressive revovery. But not supported in many factors, even no evident fundamental reasons. German Industries still fighting with strong energy prices, lower produstion in automobiles/automotives with strongest contest to chinese markets. All in all: Expect near...
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. ----------------------------------------------------- Wall Street (Daily) The flat trendline positioned around 35,660, along with the VWAP's bullish signal and the bullish Harami...
We are at a resistance level, a upward trendline was broken and a rejection candle just formed. If it should close downwards I can sell and put my stops right above that level.
Second tentative for a swing short on the german index WIll look at increasing position with a daily close below 15600 The transition from an uptrend to a downtrend takes usually some times, will look at compouding/building the position between 16000 & 16200 if given On a more fundamental note, market participants seem seducted by the FED pivot narrative, which...
DAX extended its almost 1 month rise and is about to hit Resistance (1) at 16065. We've had two rejections there in August. Over this Resistance lies the 0.786 Fibonacci retracement level, a key technical Resistance during recovery rallies. Besides those obvious bearish bias, the current rally can be compared to the pattern from March 7th to May 19th, which ended...
European equity markets, especially the German DAX, are poised with a bullish sentiment despite concerns about a potential economic slowdown in 2024. Analysts surveyed anticipate a moderate increase in European benchmarks, projecting a 4.1% rise for the pan-European STOXX 600 index and a 2.5% increase for the Euro STOXX 50 index by the end of next year. Amid...
Currently unfolding V Wave On H4 DAX. I'll watch for end of V Wave, I would like to see divergence on RSI and 5Waves with overlap as end of impulsive wave V. If you play longs on lower TFs be carefull for overlaps and watch out for dump on the end of V. Also keep in mind Invalidation levels. More info in Chart
German 40 had a clear uptrnd because Ger40 is constantly making HH and HL