DAX Index Potential Harmonic pattern. The target is shown on the chart.
I review my DAX sell, which I cut early as I thought it was too early and not meeting all my criteria. I note that I did not do a video analysis on this before taking the sell; which is a rule break.
Extended SL to cover the Order block. Second retry. Entering Shorts. Lower high on H1, pushing against 200ema. Overextended pullback (78+RSI) and RSI divergence among peaks on M5. We have swept liquidity and are now at the Order block zone. Looking for shorts here once confirmation comes.
1. Downtrend pullback 2. RSI Divergence on recent swings on M5 3. Retest of resistance + previous retests 4. High RSI (75 on M15) 5. CONFIRMATION - Early entries now at low risk. Once bearish candle volume is confirmed, enter at full risk. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY
The primary scenario (in green) is now calling for a triangle as a wave (X). We are still missing the E leg before we break down as a wave (Y). The secondary scenario (in red) assumes that wave (X) is in and that we can expect more downside as a wave (Y).
Hi Traders, for the German Index DAX we clearly see a very important zone: 15.450 There are 2 possible Scenarios. Scenario 1: He market accepts the support zone and we see a reversal. Then we can trade a pullback to 16.000. Scenario 2: The Support will break. Then we expect sharp movement to 15.000 - following a pullback to the former support (which will...
The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
DAX formed a Bullish Cross between the 4H MA50 and MA100 but dropped sharply, the same kind of sell-off (proportionally) it had on the previous MA50-100 Bullish Cross (July 31st) which was a structured top. Opposite to theory, the Bearish Crosses have marked the bottoms. In any case, the 1D technical outlook is neutral (RSI = 51.653, MACD = -44.700, ADX = 19.555)...
Pair : DE30EUR ( Germany 30 ) Description : It has Completed the Impulsive Wave " 12345 " and Corrective Wave " AB " at Fibonacci Retracement Level - 38.20% and it has also Completed the Breakout and Retracement for the Corrective Pattern " Bearish Channel " in Short Time Frame
GER40 - Intraday - We look to Buy at 15831 (stop at 15731) Our short term bias remains positive. There is no clear indication that the upward move is coming to an end. Previous resistance level of 15830 broken. Previous resistance at 15830 now becomes support. 20 4hour EMA is at 15830. Preferred trade is to buy on dips. Our profit targets will be 16081...
The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
DE30 has been ranging for as long as time could tell , However, looking at the chart painted currently, price is posed to rise to 16050 and above especially on a swing view
I can guarantee that Ger30 will climb to the top again, baisd on some candle I know , which I call hack or glitch Good luck
Hello, Welcome to this analysis about the DAX Index in which we are looking at the 4-hour timeframe perspectives. In trading, it is always necessary to assess the market by a neutral perspective to come up with the most possible scenarios and move on with the opportunities resulting out of it rather than over-speculating the market into a one-sighted direction...
Recent market movements in Germany and Shanghai have unveiled an intriguing confluence of factors worth exploring. In Germany, the monthly market trends reveal a mixed narrative. While the indices have shown a bearish trend over the last few months, there are hints of optimism. The Tenkan-Sen remains above the Kijun-Sen, and the price is positioned above the...
Same as Nasdaq, simple explanations to avoid confusion, please leave your comment if you have different ides