DAX-Trading with Bouhmidi-Bands $DAX - If its nice take it twice! - We had two chartbook reversals with #BouhmidiBands today. Good Start for a weekend
D-DAX
DAX May break lower from this pointDAX is trading on a Bullish Megaphone inside a five month Rising Wedge. The 1D time frame is in green (RSI = 60.102, MACD = 197.500, ADX = 27.090) but the 1D RSI has been sideways at best (if now on LH) for as long as the Bullish Megaphone trades, which is a bearish divergence. This is similar to the RSI formatio of the last Wedge High on Dec 13th after which a correction to the 1D MA50 took place.
Our plan is to take a tight long at 15,180 and if the price crosses below the Rising Wedge, enter it on the 1D MA50. In both cases we target 16,000.
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Will DAX find support at current lows?GER40 - Intraday - We look to Buy at 15275 (stop at 15195)
Daily signals are bullish.
Short term momentum is bearish.
20 1day EMA is at 15305.
Bespoke support is located at 15300.
We expect prices to stall close to our bespoke level (15300).
Our profit targets will be 15475 and 15515
Resistance: 15500 / 15580 / 15660
Support: 15400 / 15350 / 15300
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.
easyMarkets DAX Daily - Quick Technical OverviewDAX traders still remain undecided on where the index is heading. On one hand, we remain above a medium-term upside line, meaning that the trend is still to the upside. However, if that medium-term trendline breaks, this could open the door towards much lower areas,
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GERMANY40 BEARISH SCENARIOGERMANY40 had broken through the support of the Rising Wedge candle sticks pattern, which is a sign for possible bearish movement of the instrument. Both MACD and RSI indicators are confirming the outlook: MACD histogram is below the 0 line, while RSI line is breaking the Overbought line from above, also a strong bearish indicator.
If this scenario continues, the price might fall to levels of 14 820, but in the opposite scenario the price might rise to 15 554
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: Rising inside Channel Up. Sell when RSI overbought.DAX is trading inside a Channel Up on bullish technicals both for 4H (RSI = 58.830 , MACD = 35.400, ADX = 33.092) and 1D (RSI = 65.538, MACD = 212.600, ADX = 27.945). 1D is stronger as its pattern is a Bullish Megaphone for the past 1 month. Basically we are now expanding on the breakout signal given on Monday as shown below.
The Channel Up rises on every bullish leg by +1.80%, thus we are long (TP = 15,690). We will not short its top but rather wait for the more clear signal of the 4H RSI getting overbought above 70.000, which has happened all of its three times with the price hitting the top of the Bullish Megaphone. Then we will go short, aiming at the dashed line (TP = 15,600) which was hit every time the Megaphone printed a Higher High.
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MARKET ANALYSIS / WHAT I DID CORRECTFollowing from my drawback this week on having incorrect bias and entry, I decided to let the trade come to me and it planned out. My bias going into the day post news yesterday was bullish , given the PDL / PDH and the weekly high with the PDI ( Previous day interest) levels. I waited for a long impulsive green candle to form as a FVG and wait for price to return into a discount . Tight but good stop loss and entered. My only setback is that I have the PDI as TP but given how the market has been with me I wanted to bank those points. Doing so I lost on 50+ points in total but I cant catch them all. Overall I am happy with todays performance and will work on more about entry/exit strategy. I did have some small stop outs and 1 BE trade due to not following through which cost me but it is what it is - no emotion.
Increase buy/sell to 2 positions, 1 to run and run to cut at an appropriate stage.
Keep the stop loss to what Im using (8-12 points)
Work on waiting for the trade
Trust and do not switch the strategy
Do not chase price
Scale in
6/10 day.
DAX to find support at lower low?GER40 - Intraday - We look to Buy at 15252 (stop at 15172)
The trend of lower lows is located at 15250. 15243 has been pivotal.
Preferred trade is to buy on dips.
20 1day EMA is at 15250.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 15452 and 15492
Resistance: 15400 / 15480 / 15510
Support: 15350 / 15270 / 15243
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 on a potential medium-term correction.Since our analysis last month, DAX (DE40) hit our target by rising more than +12.50%, as the previous rally fractal within the +4 month Channel Up suggested. Right now the index is loosely supported by the 4H MA100 (red trend-line), having already broken it 3 times, but managed to close all of them back above it. As on December 06 2022, a 1D candle close below the 4H MA100 could trigger the start of a medium-term correction back to the 1D MA50 (blue trend-line). A -6.50% pull-back from the top can even put the price slightly below the 1D MA50 but still on the 0.236 Channel Fibonacci retracement level.
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Can GER30 buyers resume the trend?
Hi, and welcome to today's GER30 update. Yesterday buyers fought back from the range low to post a solid session that could be stage one in a new leg higher that could continue the current trend.
Buyers still have some work to do. We want to see a break of yesterday's high and a break of the current resistance and highs set last week. A new trend point has started forming, but buyers still have to confirm it.
We can see price has started to confirm, and the moving average and CCI are supporting possible higher prices, but for now, buyers need to take that final step. A piece of key data may have an impact, and that's today's US CPI data.
The CPI data will be released tomorrow at 12:30 am AEDT. If the data matches or comes in lower than expected, this could boost stocks. If it comes in worse than expected, this could favor sellers. 15,500 is the current resistance, and support is seen at 15,260.
If buyers can break yesterday's high, that's a solid first sign, but we feel the market will be waiting on the CPI data before we see some real direction.
Good trading.
DAX Megaphone trading with clear breakouts to takeDAX trading pattern for the past 30 days has been a Bullish Megaphone. Throughout this whole pattern, the 4H RSI is having a clear Support to buy and a clear Resistance to sell. With 4H technicals neutral (RSI = 52.897, MACD = -5.800, ADX = 26.094) we have no option but to use breakout trading to limit the risk.
The current pattern appears to be following the one that started the Megaphone. As such, if the price breaks over the 0.618 Fibonacci we will buy and target the market top (TP = 15,640). If the price breaks under today's Low, we will sell and target the bottom of the Megaphone (TP = 15,125).
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DAX Momentum Divergence Being AddressedIn this update we review the recent price action in the DAX futures contract and identify the next high probability trading opportunity and price objectives to target
DAX Monthly AnalysisHi dear traders
despite of fundamental i think it is approaching the first resistance and breaking it strongly will lead to approaching next resistance (Over 15000)
easyMarkets DAX Daily - Quick Technical OverviewDisclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GERMANY40 BEARISH SCENARIOThe GERMANY40 had formed a double-top on the daily graph, a strong indicator for potential bearish reversal on the instrument.
GERMANY40 had build a double-top candle pattern at 15614, which might indicate a potential bearish movement with target 14933 and bigger target at 13827. In the opposite scenario the price might continue its bullish movement and reach targets of 15925.
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 MeltdownLet's get ready for mayhem in the coming weeks, the DAX topped out last week and we're starting to build to the downside. We're expecting a very sharp move downwards and are already short from the turn, but will be looking to add more shorts upon a minor wave 2 retracement. Exciting times lie ahead and we think there's going to be some great opportunites to make some serious money in the weeks and months ahead. Come trade with us and ride these waves!
EurUsd SellThe rally is strong enough that the market is likely transitioning into a trading range more than a strong bear trend.
This means traders should expect the bears to be disappointed with the rally. However, the bears will expect a 2nd leg down after the formation of a lower high major trend reversal.
It is a low probability that the bears will be able to get a strong second leg down without the low-high major trend reversal.
DAX - how to catch the rabbit. Hi,
If you look on the main course of mass media - they will not tell you the truth. They say that DAX is oversold and the pattern right now is bearish. RGR - pattern. Lot of people think that there will be a head with shoulders pattern. I suppose that is false - bias point of view.
I can only suppose that if euro is weak, dax is weak. Right now EURUSD is testing 1.07 - high low of the tunel and right now we have a moment of the bullish divergence on DXY - dollar is rising.
But it is only for a while.
I suppose that EURUSD did not end it bullish run and we will see another run to the 1.12 and then you will see that DAX will go up. There are lot of positive signs in economy of German that stock market will move up.
I suppose that we have first wave of Elliot pattern - DAX - point 14500 to 14000 points - first run stop. Second wave you got 14000 - 15400 points - then 15000 points is the support level. Middle of March 2023 there will be testing of this point. Right now there is a channel ahead of us. 15400 - 15000 - there will be testing field. Look on the structure of the patterns in from march 2021 - November 2021 - this is a big pattern that must be tested and must be moved up. It cannot go down because EURUSD is still on the down level - 1.07 it is very low. It is testing support. Then next move is 1.12. High level of EURUSD is 1.50 - 1.64. We need I suppose minimum 2 - 3 years to go there.
Give you time and do not try to catch a short CFD contracts. There will be lot of up side down and lot of play of big players to mislead lot of people.
There are many traders on internet that says - DAX is moving down - it is not a true.
I suppose that DAX will have new historical hills on the top and you will see like dax goes up. This index is still interesting and still like to move up and down.
The main point is that if you have a cycle of long waves. Right now we are in the beginning of the wave started in the September 2022. There is a planty of time. I suppose that first stop will be a round - August 2023 r. or maybe September 2023 r.
Look on the banks and STOXX Banks index - it is still moving up with some correction but banks are the main point in this game. No body tells this in mass media. Banks will have a very good results soon and they are still developing like french banks that looks for investments in Africa.
Look on Credit Agricol - France Bank. It is going very good or Italy UniCredit.
DAX: Approach to Resistance Area... how to trade it?Hi everyone!
The main trend on DAX is bullish so if you think about a short trade, it is not possible to anticipate the market/signal so it could be interesting to wait for a first bearish leg development on intraday chart and try to take a short position using the potential technical rebound (wave B) with stop loss above wave A (Top):
If there is no pullback, the next bullish target is around 16.230 area.
...trade with care! 👍
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Cheers!
dax 4 hour :sell pinbar comes on daily chartlet see pinbar on daily chart
abov e green arrow i will buy with sl=40 point for hold 7-8 day to high (in up dax can go to 15800)
alert = daxcan go to 14700 area , be carefull
good luck
DAX breakout with Bouhmidi-Bands $DAX - Volatility is back in town. We are breaking lower #BouhmidiBands
