GER30/DAX: 4 hour chart - Analysis 2021 April 5th.
Updated
GER30- Since previous analysis March 22th the important price range of 14675 - 14750 points was processed according to plan and the price targets up to the zone of 14970 - 15065 points is now archived. DAX even managed to price an initial closing price above this target price of 15110.
Bear scenario:
If the price zone of 14970 - 15065 undercut on a weekly and daily basis then the first sell off target would be at 14621 GAP close and if bulls fails at 14621 then next at 14422 and best case for bears would be at 14060. If the bears on a weekly basis undercut the price zone of 14030 and 13860 undercut sustainably, it could be sold off in a full-blown correction. The first target price would then be at 12990 and then 12735.
Bull scenario:
The bulls will need a new level of support in the coming weeks to continue rising strongly. There is currently no trend change in sight, but April it is to be expected that the DAX could see some profit-taking in terms of prices. Next target price is at 15220, followed by 15520 and 15535. Se upside and downside targets.
A bear market is when a market typically fall 20% or more from recent highs.
If we break resistance it become support If we break support it become resistance. Buy and Sell confirmation: Bull market don’t buy if the RSI is overbought always wait for pullback. Bear market only sell when the RSI is overbought or wait for a bounce.
Keep it simple and trade with the trend – you will never lose and live 10 years longer!
Bear scenario:
If the price zone of 14970 - 15065 undercut on a weekly and daily basis then the first sell off target would be at 14621 GAP close and if bulls fails at 14621 then next at 14422 and best case for bears would be at 14060. If the bears on a weekly basis undercut the price zone of 14030 and 13860 undercut sustainably, it could be sold off in a full-blown correction. The first target price would then be at 12990 and then 12735.
Bull scenario:
The bulls will need a new level of support in the coming weeks to continue rising strongly. There is currently no trend change in sight, but April it is to be expected that the DAX could see some profit-taking in terms of prices. Next target price is at 15220, followed by 15520 and 15535. Se upside and downside targets.
A bear market is when a market typically fall 20% or more from recent highs.
If we break resistance it become support If we break support it become resistance. Buy and Sell confirmation: Bull market don’t buy if the RSI is overbought always wait for pullback. Bear market only sell when the RSI is overbought or wait for a bounce.
Keep it simple and trade with the trend – you will never lose and live 10 years longer!
Note
GERMANY30 Week 24.Targets reached: 15220 hit April 6th – 15355 hit April 16th – 15520 hit May 18th – 15717 hit June 7th. All-time high at 15732 archived June 7th.
Upside targets: 15870 (open) - 15911 (open) - 15990 - (open) 16000 (open) - 16166 (open).
Bear scenario: The price zone of 15520 and 15355 is important for bulls. Should this price zone be undercut on a weekly basis the first target zone would be at 15065 and 14970. If the bears manage to break below 15065 - 14970 it could push the Index into a medium-term correction. The first price target would then be at 14693 and then 14060.
Bull scenario: Above 15717 on a weekly basis, the next target price target is at 15870. The primary target goal is at 15911/990-16000.
Note
GERMANY30 Week 33/34.Since previous analysis week 27 - DAX was able to rise sustainably from the sideways phase above the price zone of 15717 and managed to reach 15870 and 15990 then 16000.
Targets reached: 15220 hit April 6th – 15355 hit April 16th – 15520 hit May 18th – 15717 hit June 7th 15870 hit August 11th - 15911 and 16000 hit August 13th -
DAX made a new all-time high at 16030 August 13th.
Upside targets: 16166 (open) 16220 (open) 16788 (open).
Bear scenario: A weak phase lasting several weeks would follow the typical seasonal and cyclical pattern. To avoid this scenario, the prize zone of 15717/15520 and 15355/15309 should not be undercut on a weekly basis. The first target zone would be at 15065 and 14970. If the bears manage to break below 15065 – 14970 the price target would then be at 14816 and 14693/14621 then 14422/14060
Bull scenario: The goal is still the same above 15717 on a weekly basis and (15990 monthly). The primary target goal is at 16116 and 16220 then 16788.
Check daily analysis (5 min chart) Intraday price levels. Important “key reversal levels” will be highlighted with parenthesis (15779) as you will notice when you check GERMANY30 and S&P500 Monday, 23rd Intraday analysis.
Key reversal days explanation check Telegram: t.me/tradingindicestips
Week 34 key reversal days is Sunday 22nd 5:35 pm. Monday 23rd 8:50 am. Tuesday 24th 2:55 pm and 9:15 pm. Thursday 26th 10:20 am. Friday (00:25 am and 11:05 am) New York time.
Germany30 and S&P500 Intraday analysis August 23rd. and weekly update 34. Posted at twitter: twitter.com/SP500_Dow
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