✅DAX BEARISH SETUP|SHORT🔥
✅DAX is going up now
But a strong resistance level is ahead at 16,500
Thus I am expecting a pullback
And a move down towards the target at 16,200
SHORT🔥
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D-DAX
DAX Buy the pull-back and target the All Time HighDAX 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 end-of-the-year rally. We are waiting for a buy at 15800 (1D MA200) in order to target 16535.
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DAX Is Trading In Wave 5 Of An ImpulseDAX 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.
Upward Momentum For The DAX Amidst Economic Data Release 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. Throughout the trading day, the index fluctuated between a high of 16,167.94 and a low of 15,989.91, surpassing its previous closing value of 15,975.22. Key players like Infineon Technologies saw a 4% spike in shares, while other notable performers such as Zalando, Sartorius, and Siemens Energy registered over 3% climbs. Additionally, the automotive sector depicted strength with Vonovia, BMW, and Mercedes Benz Group securing gains exceeding 2%. However, not all DAX constituents experienced positive momentum, with Covestro and Munchener Ruck facing declines greater than 0.5%.
Amidst the market upswing, the euro slightly retreated against a strengthening dollar, trading within the range of $1.1018 to $1.0969. The Dollar Index, measuring the dollar's strength against major currencies, increased by 0.15% to 102.90. Simultaneously, German government bond yields mirrored the global trend of declining yields, closing at 2.4510%, a 1.7% drop from the previous session. This decline aligns with softer inflation data and potential prospects of a more accommodative Federal Reserve monetary policy, including probable rate cuts to stimulate economic growth.
Technically, the DAX's monthly chart indicates an ongoing upward trend, but the index faces critical junctures. Despite retesting previous highs, the index hasn't broken out, while recent weakness challenges price support. A breakout would signify bullish prospects for both Germany and the United States, whereas a failure at price support could convey a negative message for both economies. Supported by indicators like MACD and RSI, a continuation of the bullish trend might propel the price towards levels around 16,295.42, considering a pivot point at 16,170.56 that could lead to a return to 16,129.73. Investors are advised to closely monitor these pivotal levels as they could dictate the index's future trajectory and signal broader market implications, not only within Germany but also for global markets, particularly in the United States.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses
DAX Analysis - Exploring Potential Corrections 📉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 to signal a Wave 2 correction. Anything beyond 100% could indicate a Wave B correction.
Regardless, I anticipate a substantial downturn. Consequently, I expect an entry point at 90%, as this level is likely to be reached, especially after surpassing the 78.6% mark. There is a possibility it could correct up to 100%, but personally, I plan to enter at 90%, with a slightly wider stop-loss for added security. I do not anticipate a new All-Time High or expect the current All-Time High to hold for an extended period. 💥🔍
DAX Elliott Wave Analysis for Thursday 30/11/2023 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.
Diagonal ending in a larger degree of wave????Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
DAX Elliott Wave Analysis for Wednesday 29/11/2023 (+ Higher TF)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.
DAX Strong sell opportunityDAX 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 with a -4.33% pull back to the MA50 (1d).
Trading Plan:
1. Sell on the current market price.
Targets:
1. 15550 (the 0.5 Fibonacci level, on top of Support Zone (1)).
2. The MA50 (1d) on a -4.33% drop can be targeted only if you see the pull back to aggressive by its second (1d) candle as on May 23rd.
Tips:
1. The CCI (1d) is posting a Bearish Divergence, which has been an absolute (100%) sell signal during the whole year. Most pull backs on that signal have been greater than -4.33%.
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Notes:
Past trading plan:
Zalando: Final Stage 🏁Zalando's stock price retreated last week, so we consider the high of the magenta wave (iv) to have been reached. We therefore locate the price in the last stage of the gray wave II and expect a descent to the green Target Zone between €18.71 and €10.40 before this movement is completed. Long entries could be made here. However, there is also a 30% probable alternative, which would see a further rise should the price exceed the resistance at €26.40.
: European Equities and DAX: Navigating Bullish Sentiment Amid EEuropean 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 worries over economic headwinds and the possibility of a recession, the markets remain cautiously optimistic, attributing the potential growth to expectations of a more dovish stance from central banks and a potential easing in energy prices.
Despite Germany's position as the bloc's industrial powerhouse facing challenges due to its reliance on energy-intensive industries and external demand, the German DAX is expected to rise by 5% by the end of 2024, building upon its 14% gain in 2023. Analysts emphasize the importance of key levels for the DAX, suggesting that a breakout from current resistance levels could signify a bullish trajectory for both Germany and the broader U.S. markets. Technical indicators such as RSI and MACD also align with this bullish sentiment, providing buy signals.
Investors are cautiously optimistic, considering the potential for a year-end rally in the U.S. to positively impact European equities due to increased risk appetite globally. However, concerns persist regarding a possible economic slowdown's impact on European markets, particularly in the latter half of 2024, posing challenges for sustained growth.
The current outlook for DAX hints at a continuation of its upward trend, potentially reaching resistance levels around 16,060. However, analysts also note the possibility of a drop towards support levels around 15,860 should a pivot point at 15,962.66 be breached, reinforcing the importance of monitoring key levels for cues about future market directions.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
DAX: The same procedure as in AprilThere are some similarities between the upwards move in April and the current Dax movements. Thus the long story may not be over yet. But this has to be observed, thus neutral.
DAX to break to the upside?DE30EUR - 24h expiry
Posted Mixed Daily results for the last 2 days.
Overnight losses have been limited.
We are trading at overbought extremes.
There is no clear indication that the upward move is coming to an end.
15956 has been pivotal.
A break of the recent high at 15956 should result in a further move higher.
The bias is to break to the upside.
We look to Buy a break of 15966 (stop at 15866)
Our profit targets will be 16216 and 16276
Resistance: 15956 / 16000 / 16100
Support: 15917 / 15800 / 15720
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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DAX Elliott Wave Analysis for Wednesday 21/11/2023 (+ Higher TF)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.
DAX: Rebound and Wolfe WaveThe DAX shows a Wolve Wave with target around 15600, which is also an important Fibo and multi Top area.
DAX to 18000DAX is forming a large Diagonal. 3rd wave, ABC formation, wave C seems started after expanding triangle, wave B, completed by the last wave Ⓔ truncated.
DAX Elliott Wave Analysis for Monday 20/11/2023In 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.
DAX: Overbought and approaching August's Resistance.DAX turned overbought on the 1D timeframe (RSI = 71.962, MACD = 124.900, ADX = 41.751) as it closed its 9th straight green 1D candle and is approaching the R1 level (16,050). This has been the Resistance since the start of August. The index is in need of a technical pullback otherwise this rally won't be sustainable. We will short next week's opening near the R1 and aim for the 1D MA200 (TP = 15,670), which is at the top of the S1 Zone. That is a Symmetric Support Zone holding since April 5th, only broken downwards in September's selloff.
See how our prior idea has worked:
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DAX to continue in the upward move?DE30EUR - intraday
There is no clear indication that the upward move is coming to an end.
A Doji style candle has been posted from the high.
A lower correction is expected.
Preferred trade is to buy on dips.
20 4hour EMA is at 15694.
We look to Buy at 15705 (stop at 15605)
Our profit targets will be 15955 and 16005
Resistance: 15869 / 15900 / 16000
Support: 15778 / 15712 / 15650
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
DAX H4 | Running into resistanceThe DAX (GER30) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 15654.35 which is an overlap resistance.
Stop loss is at 15825.00 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level.
Take profit is at 15349.03 which is an overlap support.
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DAX Elliott Wave Analysis for Thursday 16/11/2023In 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.
DAX Elliott Wave Analysis for Wednesday 15/11/2023In 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.
