Potential swing trade short on the DAX?Like many indices, the DAX has enjoyed a strong start to the year after a dismal ‘Santa’s rally’. But after a 9% rally this month and early signs of a potential top, perhaps it is time for the DAX to pull back from its highs.
If we look at the daily chart, the market formed a small top and daily close below 15,000. Whilst prices are back above the milestone level, upside volatility is lacking and there are now the early signs of a lower high with yesterday’s bearish outside day. Perhaps we have seen the end of a wave b, which is part of a 3-wave countertrend move.
• Futures markets point to a soft open for the cash market today
• The bias is bearish below 15,200 / yesterday’s high
• A 100% projection / wave equality is around 14,800 and 20-day EMA, making it a viable target for bears
• A break below 14,800 brings 14,700 / December high into focus
D-DAX
Rheinmetall bullish ascending triangleThe ascending triangle points to a potential increase in the value of Rheinmetall's stock. These indicators include a bullish trend in the stock's price over the past several months, positive momentum, and strong support levels. Additionally, historical data shows that Rheinmetall's stock tends to perform well during times of military threats or escalations, which may indicate that current global events could be contributing to the stock's upward trend.
Hopefully, the war in Ukraine will come to an end, but Rheinmetall is still looking strong, possibly indicating an upcoming real-world event.
It is important to note that technical analysis is not a guarantee of future performance and should be considered alongside other forms of analysis such as fundamental and news analysis. Additionally, it is also important to consider the company's overall financial health and any recent company-specific news or announcements.
DAX: Bullish but pull back inside the Channel possible.DAX is technically bullish 1D (RSI = 63.054, MACD = 197.400, ADX = 59.303) but neutral on 4H as it broke below the 4H MA50. In a repeat of December 5th, we may see a strong pull back targeted at the 4H MA200, so be ready to sell below S1 with TP = 14,600.
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DAX to stall at highs.GER40 - Intraday - We look to Sell at 15258 (stop at 15348)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We look for a temporary move higher.
A lower correction is expected.
Our profit targets will be 15038 and 14988
Resistance: 15130 / 15200 / 15272
Support: 15030 / 14950 / 14900
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 to extend losses again?GER40 - Intraday - We look to Sell a break of 14897 (stop at 14986)
Short term momentum is bearish.
A break of resistance at 14900 should lead to a more aggressive move higher towards 14800.
We look for losses to be extended today.
We are trading at overbought extremes.
Our profit targets will be 14681 and 14651
Resistance: 15050 / 15130 / 15200
Support: 14900 / 14800 / 14700
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.
FESX1!: MACRO TO MICRO CORRECTIONS / TRAJECTORY / EUREX MARKETDESCRIPTION: In the chart above I have made my best attempt in attempting to provide a MACRO VISUAL AID for the current state of the EUROPEAN MARKET.
POINTS:
1. DEVIATION was estimated using highest point of 5500 POINTS & LOWEST POINT OF 2000. POINTS were summed and divided by 2 giving an average and same was done for all other SUPPORTS (WHITE LINES).
2. SUPPLY & DEMAND POCKETS were placed accordingly in regards to deviation and in respect to NATURAL CHANNEL MOMENTUM.
3. NOTICE HOW MACRO CORRECTIONS OCCURRED BEFORE 2009 WHILE MICRO CORRECTIONS TEND TO OCCUR IN A MORE CONSISTENT CHANNEL AFTER 2009.
4. RSI also agrees with PAST MASSIVE CORRECTIONS & ONGOING MICRO CORRECTIONS.
5. RSI PATTERN THAT IS FOUND TO BE AT LESS OF AN INCLINE EQUATES TO A MORE STABLE MARKET RALLY.
*IMPORTANT: IF CONSISTENT PATTERNS ARE ANYTHING TO GO BY RSI INCLINE INDICATES THAT CURRENT MARKET RALLY SHOULD END AT OR AROUND JANUARY 2024. DESPITE THIS CURRENT RSI IS OVERBOUGHT AND IS LOOKING TO RETEST.
SCENARIO: WITH CURRENT OVERBOUGHT RSI LEVELS AND A RECENT REJECTION OF 4188 POINT FUTURE PRICE ACTION CAN SEE SOME DOWNTREND WITHIN CURRENT CHANNEL BEFORE WE COME TO SEE A JUMP INTO HIGHER SUPPLY & DEMAND POCKET. WITH THIS SAID 3900 IS A CRUCIAL LEVEL TO HOLD IF WE DON'T WANT TO SEE HEAVY DOWNSIDE.
FULL CHART LINK: www.tradingview.com
EUREX:FESX1!
Dax 4 hour =double top pattern,,,, pull back to 14800 possible for sell we are waiting pinbar on daily or 4h chart
AC indicator on 4hour going to signal sell ( if high not break
in 14750 I will buy and hold it 30 day to 15800-16000
good luck
ALERT=trade Dax and other index need minimum 5 year practice on demo
DAX Futures ( FDAX1! ), Daily Potential for Bullish continuationTitle: DAX Futures ( FDAX1! ), Daily Potential for Bullish continuation
Type: Bullish continuation
Resistance: 16274
Pivot: 13943
Support: 11829
Preferred case: Looking at the Daily chart, my overall bias for FDAX1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 16274, where the previous swing high is.
Alternative scenario: Price may head back down to retest the pivot at 13943, where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
UKX to 9090?FTSE100 (UK100, UK stocks index) been laggard for many years in comparison with many of it's peers. Now it seems the UKX will finally make new all-time high🍾 and will go even higher. I think we are in continuation move up after breaking out of the consolidation in form of triangle. Target @ 9090 being measured move - height of the triangle projected from midpoint of local range. Invalidation would be the local range low @ 4791 which is too far away meaning unfavourable reward risk ratio but this idea is rather about directional bias. Bear in mind this is monthly chart so the move will not happen over night obviously.
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Porsche ( $P911 ) Short ideaOne of the iPOs that I've tracking, and following a standard pattern. Together with a short term (or likely more) top in EU indices, we should see this go much lower after the initial move liquidating early shorters and now FOMO buyers. Red line is stop loss, Green lines are TP1 and 2, respectively. GL
Has DAX found it's swing high?GER40 - Intraday - We look to Sell a break of 15029 (stop at 15119)
We are trading at overbought extremes.
A higher correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
A break of the recent low at 15037 should result in a further move lower.
Our profit targets will be 14809 and 14759
Resistance: 15150 / 15200 / 15300
Support: 15100 / 15040 / 14950
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 - short tradeBased on my Idea I open a short position
Red the short view
Green the long view
in both cases there is possibilities for a short before the new indecision area at 12700
DAX - short tradeBased on my Idea I open a short position to recovery the previous loss.
Short sto loss
DAX Pull-back to 4H MA200 likelyThe German stock index (DAX) is showing signs of exhaustion of the 2023 rally, following our strong buy signal last week. The 4H RSI hit and got rejected on the 84.600 Resistance level, which is where a Channel Up started on November 11 2022. The Channel Up made one last High before it broke below the 4H MA50 (blue trend-line) and started a correction (short-term) that hit the 4H MA200 (orange trend-line).
As a result, we believe it is worth to start building up sell positions for a medium-term pull-back to the 4H MA200. Keep in mind that the strongest long-term buy is when the 1D RSI approaches its oversold level of 30.000. That could happen, if DAX closes a 1D candle below the 4H MA200, near the bottom of the long-term Channel Up that started in early October.
The medium-term target is the 15500 - 15700 Resistance Zone of February and the long-term the All Time High of 16300.
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DE30 reached 46-week high.GER40 - Intraday - We look to Buy at 15041 (stop at 14961)
Traded to the highest level in 46 weeks.
We are trading at overbought extremes.
A lower correction is expected.
20 4 hour EMA is at 15035.
We look to buy dips.
Our profit targets will be 15241 and 15281
Resistance: 15200 / 15300 / 15400
Support: 15050 / 14950 / 14900
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 its way to our first target DAX formed a Massive Falling wedge in 2022.
Remember a Falling Wedge is >1 month... A Pennant is < 1 Month
The 7 >21 >200MA and the RSI is well above 50 showing upside to come.
The target remains at 16,375
HOLD - BULLISH\
The January Effect where investors and institutions are still buying stocks and assets to start the year. They have offset their taxes and are now piling into the markets that they believe will run up.
Hence the global rally.
Also, Inflation seems to have hit its peak for now (with America CPI dropping to 6.5% this week). These are all good factors for a strong economy.
DAX to stall at overbought extremes.GER40 - Intraday - We look to Sell at 15119 (stop at 151201)
We are trading at overbought extremes.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Rallies should be capped by yesterday's high.
Our profit targets will be 14909 and 14879
Resistance: 15128 / 15200 / 15300
Support: 15050 / 14950 / 14830
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.
BMW Long Resault: 13.5% Profit✅According to the pullback, the resistance is broken and the pullback confirmation can be entered into a buy position with the target of the specified high level.
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BMW, longAccording to the pullback, the resistance is broken and the pullback confirmation can be entered into a buy position with the target of the specified high level.
Stay with me to get more analysis after following me by sharing with friends and leaving a comment.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?