DAX H4 | Heading into Fibonacci confluence resistance zoneDAX (GER30) is rising towards a resistance barrier and could potentially reverse off this level to drop lower.
Sell entry is at 21,073.71 which is a resistance zone that aligns with a confluence of Fibonacci levels i.e. the 78.6% projection and the 161.8% extension.
Stop loss is at 21,400.00 which is a level that sits above the 100.0% Fibonacci projection.
Take profit is at 20,510.80 which is a pullback support.
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DAX Index
#202503 - priceactiontds - weekly update - daxGood Evening and I hope you are well.
comment: Neutral. Last week I noted that my bearish bias was probably not good since us markets were bullish enough and dax could not move below 20100. The big gap up on Tuesday was the first clue to refrain from shorts and on Wednesday bears gave up and we melted higher until Friday’s close. The upside is now probably very limited but it’s too early for most bears. My max target above is around 21200 and until bears print either a very huge down day or we had 2-4 days sideways to down movement with a retest of 20900/21000, I would not look for swing shorts.
current market cycle: Bull trend (wedge or channel, difference does not matter) until we get below 20300 again.
key levels: 20500 - 21200
bull case: Bulls are in full control since Wednesday and they will likely get 21000 and maybe a bit above it. Their problem is that they are buying high with multiple upper trend lines which could still be resistance. That argument is somewhat weak in the face of a strong trend and that is what we had last week. You never know how far they go but it’s climactic behavior and structuring longs above 20900 is tough. Longs only on strong momentum.
Invalidation is below 20500.
bear case: Bears gave up on Wednesday and they will probably wait for 21k and a reaction there. Never try to be the first bear. Let the big institutions show you where there is no more bid and then let the profit taking begin. V-reversals are so rare that you should almost never worry about them. Bears first target is the gap close 20675 and then the second body gap to 20574.
Invalidation is above 21200.
short term: Neutral. We have a clean channel/bull wedge up and we are very close to the upper trend line. Could go a bit higher before potentially reversing. 21200 is my max target.
medium-long term from 2024-01-18: Market will likely hit 21000 and then it’s about patience to time the shorts right.
current swing trade: Last swing short was not good but part of the game. I am waiting for bears to come around again.
chart update: Marked potential targets for both sides.
DAX // prepare for both sidesThere are times when it's better to stay out of the market.
But we always have to prepare for the next trade.
The primary scenario is long, since this is the primary trend, and the daily and the H4 is waving north. The recent H4 breakdown is in line with both countertrend lines (daily and H4) , so upon a significant break above the long trigger (green), the H4 target fibo 138.2 is my target.
But if the market turns south, and waves down below the daily breakout (short trigger - red), the countertrend may continue to visit the next H4 and daily breakout that is in line with the H4 target fibo 138.2.
Be patient, and wait for a clear breakout of this neutral zone, then go down to the lower timeframes, and trade the countertrend breaks there.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
———
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DAX: Healthy Channel Up aiming at 21,350DAX is on excellent bullish levels on its 1D technical outlook (RSI = 66.832, MACD = 222.700, ADX = 20.758) as it just crossed the previous Resistance of the 5 month Channel Up. This is technically the new bullish wave of the pattern which got further confirmed after Monday's bounce on the 4H MA200. Both 1D MACD wise and relative price structure, it looks much like the previous two bullish waves. The recent HH was on the 2.0 Fibonacci extension, thus we're aiming for the top of the pattern (TP = 21,350) yet again.
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2025-01-15 - priceactiontds - daily update - daxGood Evening and I hope you are well.
tl;dr
dax xetra - Neutral and waiting for bears. New ath 20629 and market stayed above 20600, which is very bullish. Bears would need a miracle to reverse this over the next 1-2 days. We are once again at multiple upper bullish trend lines that should be resistance but market could just continue higher. I don’t have any interest in buying this but would need very strong signals to short this right now. I still think the bull wedge is the pattern to trade here and I wait for bears to come around.
comment: What are the odds of 20629 being the high and we go down from here? Low at best. Since the overall markets have been choppy as hell, it’s not entirely out of the question that this could reverse strongly but I highly doubt it.
current market cycle: bull wedge
key levels: 20100 - 20700
bull case: Bulls got a new ath and now what? I have two trend lines that have room to be hit and one would even get us to 21000. Bulls want the obvious follow through and preferably stay above the 15m or 60m 20ema and just continue higher. Buying above 20600 is hard though. Stop would have to be at least 20420 and betting on this getting to 20800 is a stretch but so was making a new ath again. I got two measured move targets 20800 and 21000.
Invalidation is below 20420.
bear case: Bears pretty much did nothing since EU open and we can’t expect them to come around all of a sudden tomorrow. Best bears can hope for here is to stop the advance and go sideways until we get a new impulse. Trading consecutive bear bars below the 15m 20ema is their first target for tomorrow and if a miracle happens, retesting 20420 would be the next target.
Invalidation is above 20650.
short term: Neutral. Bullish if momentum continues and we stay above 15m or 60m 20ema. Bears can only get me below 20420 again.
medium-long term from 2024-12-22: Any short near 20000 is reasonable if you can hold for another 1000 points higher. 17000 is much more likely than 21000 though. My first target for the next months is 19000, followed by 17700ish and ultimately down to 16000-16300 in 2025.
current swing trade: None - cut my losses on last position. Need to see bigger bear bars first before thinking about it again.
trade of the day: Could have bought anywhere and made money. Most happened due to news, so that’s always tough and I never gamble on it.
DAX H4 | Rising into multi-swing-high resistanceDAX (GER30) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 20,510.80 which is a multi-swing-high resistance.
Stop loss is at 20,800.00 which is a level that sits above the 127.2% Fibonacci extension.
Take profit is at 19,831.69 which is a pullback support that aligns with the 78.6% Fibonacci retracement level.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
2025-01-14 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: Neutral. Strong by the bulls to keep the Globex gap open to 20326 but they failed at finding acceptance above 20420. We continue sideways until one side clearly gives up. We are still close to the middle of the bigger triangle so shorts need a stop 20622 and that’s far away. I still slightly favor the bears to rather trade back down to 20200ish than above 20500.
current market cycle: trading range
key levels: 20200 - 20500
bull case: Bulls want to stay above 20300 and continue upwards to test 20500. They are in control as long as the Globex gap stays open. Bulls are also above most important 20ema and that means they are in control of the market. Their issue is, that they can’t find more buyers above 20400 and all daily bars since last week have decent tails above them. Bulls will only try so many times before more give up and want to short lower again.
Invalidation is below 20300.
bear case: Bears have a decent head & shoulders pattern that could break down over the next days. The measured move target is around 20150 which was Monday’s low. First target for them would be to close the gap to 20320 and close a 1h bar there. Bulls have bought every touch of the 1h 20ema and until that changes, we continue sideways to up. Problem for the bears is, that we could go up to 20500 or even 20550 to hit the bigger bear trend line. That stop is far away and likely a reason why bears scalp out near support.
Invalidation is above 20500.
short term: Neutral 20300 - 20400. Bears need a strong move below 20320 and bulls need to find acceptance above 20420.
medium-long term from 2024-12-22: Any short near 20000 is reasonable if you can hold for another 1000 points higher. 17000 is much more likely than 21000 though. My first target for the next months is 19000, followed by 17700ish and ultimately down to 16000-16300 in 2025.
current swing trade: Scaling in and out of shorts. In above 20450 and out where market shows support (currently 20350).
trade of the day: Buying close to the Globex gap was good for many longs. Also selling close to 20500 was a no-brainer since market went mostly sideways before and we had huge prior resistance 20500 and above.
2025-01-13 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: Can’t write much new stuff. Still neutral between 20200 and 20300. Bulls were not strong enough to close the gap to Friday’s close but bears were not strong enough to keep it below 20300. We have a clear triangle on the daily tf between 20150 and 20500 and I do expect the market to continue inside for 1-3 more days. Very strong US session close and above 20300 I expect follow-through to 20400/20450ish.
current market cycle: trading range
key levels: 20100 - 20500
bull case: Bulls want to close the gap to 20350 tomorrow and then more up to 20400/20450 and test the bear trend line. I highly doubt they can break above and test 20500. We stayed above the big bull trend line and the daily 20ema, so bulls did what they had to do. Market is contracting and that means a couple more days of sideways price action before another big breakout.
Invalidation is below 20100.
bear case: Bears tested the bull trend line but quickly gave up trying to push this below. Best they can get now is sideways and staying below 20350/20400. If they can manage, we can poke more at the bull trend line until one side gives up. My medium term bias is bearish, so I expect the triangle on the daily tf to break out below.
Invalidation is above 20500.
short term: Neutral 20200 - 20300. Bearish below for 20150 and bullish above for 20400.
medium-long term from 2024-12-22: Any short near 20000 is reasonable if you can hold for another 1000 points higher. 17000 is much more likely than 21000 though. My first target for the next months is 19000, followed by 17700ish and ultimately down to 16000-16300 in 2025.
current swing trade: Took most off at 20180 and want to short again closer to 20400/20500.
trade of the day: Selling the open because the selling pressure was very strong. Market then went sideways too much around 20200 and taking profits was reasonable. Buying the breakout above 20230 was also decent.
DAX H4 | Bullish bounce off overlap support?DAX (GER30) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 20,069.07 which is an overlap support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 19,800.00 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is at 20,418.50 which is a multi-swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
#202502 - priceactiontds - weekly update - daxGood Evening and I hope you are well.
comment: Neutral. Big bull wedge or ascending triangle (does not matter which way you see it, both are correct) on the daily chart and we are in the middle of it. I do have a heavy bearish bias for dax but since we only printed 2 bear bars for the past 11 trading days, it’s not useful to be bearish. I do think it’s more likely we see 20100 and the top is in but I don’t expect US indexes to go down much more next week, so having a bearish bias might not be the most useful thing. We can’t expect the bull trend line to break on the next hit, given the recent bullishness, so my base assumption is a week inside the triangle and more chop.
current market cycle: Bull trend or trading range. Only a daily close below 19600 would be my confirmation for the trading range.
key levels: small range for next week is 20000 - 20500 and big range for Q1 is 19400 - 20500
bull case: Bulls are still in control but have only seen rejections above 20400. They probably want to buy closer to the bull trend line and daily ema before they try another run at the ath 20522. We are close enough to it, that it’s possible we make another ath but the upside is most likely very limited. Bulls got their retest of the ath and made a lower high, all bullish targets are met and the retest-gods are pleased. Market is free to do whatever.
Invalidation is below 19600.
bear case: Bears kept shorting new highs and made money but they have not going much for them until they can break below the current bull wedge/triangle. As much as I want this to crash to 19000, bears are weak. Best outcome for next week would be if we stay below 20400 and close the week at or below 20000.
Invalidation is above 20550.
short term: Neutral. No interest in buying this and will continue to scale in and out of shorts. I would like to see 20000 next week.
medium-long term from 2024-12-22: Any short near 20000 is reasonable if you can hold for another 1000 points higher. 17000 is much more likely than 21000 though. My first target for the next months is 19000, followed by 17700ish and ultimately down to 16000-16300 in 2025.
current swing trade: Continuing with scaling in and out of shorts. Currently holding a position with entry 20424 on futures (135 points above xetra).
chart update: Added bear gap and still having my preferred path down as a two legged correction down to 19000.
Technical Analysis for GER40 (DAX) for January 13-17Overall Trend : On the daily chart, PEPPERSTONE:GER40 ( XETR:DAX ) has been exhibiting a bullish trend, operating within an ascending channel. We are currently at the 50% mark of the ascending channel, a point of indecision at the moment, as signs of exhaustion are observed following significant upward movements, suggesting a potential short-term consolidation or correction down to 20,005 if the support area is breached.
Support and Resistance Levels:
Resistance 1: 20,872 points
Resistance 2: 20,474 points
Support Area 1: 20,077 - 20,198 points
Support 2: 20,005 points
Chart Patterns and Technical Indicators:
Candlestick Patterns: Recently, indecision patterns such as dojis have formed on the daily chart, indicating a possible reversal or consolidation.
RSI (Relative Strength Index): The daily RSI is near the overbought zone, suggesting that the asset may be overvalued and subject to a correction.
Wyckoff Analysis: A potential distribution phase is observed, where major players might be taking profits after the recent rally, preparing the market for a possible reversal or sideways movement.
Relevant Fundamental Factors: The German economy faces significant challenges, with a growth forecast of only 0.1% in 2025 after two years of contraction. Additionally, the recent political crisis has resulted in the collapse of the governing coalition, increasing economic and political uncertainty in the country.
Possible Scenarios:
Bullish Scenario: If the price breaks above the 50% mark of the ascending channel with significant volume, it may target the next resistance at 20,474 points. To confirm the continuation of the bullish trend, it is important for the RSI to remain at moderate levels, avoiding the extreme overbought zone.
Bearish Scenario: If the price loses the support area, it may accelerate the decline towards the next support at 20,005 points. A descending RSI would reinforce this scenario, indicating increased selling pressure.
DAX H4 | Approaching all-time highDAX (GER30) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 20,510.80 which is a multi-swing-high resistance.
Stop loss is at 20,800.00 which is a level that sits above the 127.2% Fibonacci extension.
Take profit is at 20,013.22 which is an overlap support that aligns close to the 61.8% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
DAX / GER40 analysisThe PEPPERSTONE:GER40 XETR:DAX has exhibited a consistent bullish trend in recent months, trading within an ascending channel on the weekly chart. However, on the daily chart, signs of exhaustion are emerging following significant upward moves, suggesting a potential short-term consolidation or correction.
Support and Resistance Levels:
Resistance 1: 20,261 points
Resistance 2: 20,481 points
Support 1: 19,202 points
Support 2: 19,028 points
The daily RSI is hovering near the overbought zone, indicating the asset may be overvalued and vulnerable to a correction.
A potential distribution phase is noted, where institutional players might be taking profits after the recent rally, setting the stage for a possible reversal or sideways movement.
Relevant Fundamental Factors:
The German economy faces significant headwinds, with growth projected at just 0.1% for 2025 following two years of contraction. Additionally, the recent political crisis, marked by the collapse of the governing coalition, has heightened economic and political uncertainty in the country.
Possible Scenarios:
Bullish Scenario: If the price breaks above the 20,261-point resistance with strong volume, it could target the next resistance at 20,481 points. To confirm the continuation of the uptrend, the RSI must remain at moderate levels, avoiding extreme overbought conditions.
Bearish Scenario: If the price breaches the 19,202-point support, it may accelerate toward the next support at 19,028 points or even the discount area. A declining RSI would reinforce this scenario, signaling increased selling pressure.
DAX // neutral zoneThe market has turned south, after reaching the weekly target fibo 200, with a daily wave, and then tested the last clean daily breakout, but couldn't close above it.
It's between a daily breakout and a daily breakdown, that makes it a neutral zone. Leaving this zone (up north there is a clean H4 breakdown that may stop the bulls) puts the market either in the primary long expansion phase, or the countertrend expansion.
The target of the former is the weekly target fibo 213.2, the short target is the monthly breakout.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
———
Stay grounded, stay present. 🏄🏼♂️
<<please boost 🚀 if you enjoy💚
2025-01-07 - priceactiontds - daily update - daxGood Evening and I hope you are well.
tl;dr
dax futures - Bearish af. Bulls overextended and squeezed probably most shorts. High tick was exactly the same price 20533 we did before the big sell-off down to 19831. Small chance bulls retest 20500 tomorrow but I don’t care. I will continue to scale in and out of shorts with a stop 21000. Downside potential is to 20000 while upside is either very limited or we have seen the high today.
comment: Amazing short squeeze. I started scaling into shorts way too early but came out green and holding on to swing shorts for 20k again. 4h chart shows two very strong legs up and there is a chance for a third but I doubt we make another high above 20533. My preferred path is the triangle and I will only look for shorts until we hit 20100 again.
current market cycle: trading range
key levels: 20000 - 20500
bull case: Bulls did amazing today and made 300 points from today’s low. They want another strong leg up to retest the ath 20735. They are still inside the bull channel and we have left two open gaps, on the 1h tf (or above), below us. Bulls have also going for them that we are trading above all important ema and until bears start closing the gap to 20360, bulls are fine for now.
Invalidation is below 20300.
bear case: Bears stepped completely aside today and once they came around, it was not as strong as expected. 20533 qualifies for a lower high and it could be the top for now but bulls have way more arguments on their side as of now. Once bears start closing 1h bars below 20390 and then 20350, their chances get better for a reversal. Bull trend line needs to be broken early tomorrow or we continue sideways at the highs or even make a higher one. I still have only interest in shorts and will happily scale into shorts.
Invalidation is above 20550.
short term: Neutral 20400 - 20500 and bearish above. Will continue to scale into shorts above 20450.
medium-long term from 2024-12-22: Any short near 20000 is reasonable if you can hold for another 1000 points higher. 17000 is much more likely than 21000 though. My first target for the next months is 19000, followed by 17700ish and ultimately down to 16000-16300 in 2025.
current swing trade: Short. Avg price for shorts is 20450 now for me.
trade of the day: Long since EU open was pretty good.
DE30EUR/GER30 "GERMANY 30" Indices Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the DE30EUR/GER30 "GERMANY 30" Indices market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
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however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 1H period, the recent / nearest low or high level.
Goal 🎯: 20700.0 (or) escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
Based on the fundamental analysis, I would conclude that the DE30EUR/GER30 "GERMANY 30" is: Bullish
Reasons:
Strong economic growth: Germany's economy is expected to grow at a rate of 1.8% in 2023, driven by a strong manufacturing sector, increasing business investment, and a rebound in the automotive industry.
Low unemployment rate: Germany's unemployment rate is at a historic low of 3.2%, which is expected to support consumer spending and economic growth.
Increasing corporate earnings: German companies are expected to report increasing earnings in 2023, driven by a strong global economy and a competitive euro.
Monetary policy support: The European Central Bank (ECB) has kept interest rates at a low level of 0.0%, which is expected to support borrowing and spending in the economy.
Fiscal policy support: The German government has announced a series of fiscal stimulus measures, including tax cuts and infrastructure spending, which are expected to support economic growth.
Bullish Factors:
Strong European economic growth, driven by strong consumer spending and investment.
Low interest rates, which can increase demand for stocks and reduce demand for bonds.
Potential for a rebound in the German economy, driven by a pickup in global trade and a resolution to trade tensions.
Growing investment demand for German stocks, driven by their potential for long-term growth and dividend yields.
Diversification benefits of investing in the German stock market, which can reduce portfolio risk and increase returns.
Some of the key stocks that make up the DE30EUR/GER30 index include:
SAP SE: A leading software company
Siemens AG: A leading industrial conglomerate
Bayer AG: A leading pharmaceutical company
Volkswagen AG: A leading automaker
Deutsche Bank AG: A leading financial institution
These stocks can have a significant impact on the performance of the DE30EUR/GER30 index, and investors should keep a close eye on their earnings and valuations when making investment decisions.
Market Sentiment:
Bullish sentiment: 75%
Bearish sentiment: 25%
Neutral sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
2025-01-06 - priceactiontds - daily update - daxGood Evening and I hope you are well.
tl;dr
dax futures - Neutral between 20200 and 20300. Bullish above for retest 20360/20400 and bearish if we break the nearest bull trend line. Max for bulls should be 20460ish and bears could get all the way down to 20000 again. Both sides have reasonable arguments and I don’t know if we test higher before lower. What I do think is that the bear gap to 20455 is probably going to stay open, so shorts closer to 20400 are good.
comment: Two legs up with huge rejections. Bulls closed at the high but they failed to close the bear gap to 20455. Until bulls can close it, I will scale into shorts above 20340ish and take profits on decent drops. Middle of the range is now 20200 and I do think it’s possible we hit that tomorrow or Wednesday.
current market cycle: trading range
key levels: 20000 - 20500
bull case: Bulls need to close the bear gap and are then free to retest higher. We have an expanding triangle and nested bull wedges but market also did not respect a bunch of trend lines today. If anything, the very strong buying followed by deep pullbacks is confusing and odds are much higher that we continue sideways instead of up above 20500. Bulls should not let the market drop below the breakout price 20180 or we are in balance again and bulls would probably look to only long lower (closer to 20000).
Invalidation is below 20180.
bear case: Bears could not even close the globex gap and market rallied 300 points higher. Bears did a decent job with the deep pullbacks to shake out weak traders and make bulls take profits at new highs. That increased the odds that we are in a trading range and will likely move more sideways instead of up. Bears need to get a 1h close below the ema again and break the closest bull trend line. Next targets below are close of last week 20045 and then the big round number 20000.
Invalidation is above 20460.
short term: Neutral 20200 - 20300 and bearish above. Will continue to scale into shorts above 20350 and take profits near 20200 or below.
medium-long term from 2024-12-22: Any short near 20000 is reasonable if you can hold for another 1000 points higher. 17000 is much more likely than 21000 though. My first target for the next months is 19000, followed by 17700ish and ultimately down to 16000-16300 in 2025.
current swing trade: Short since 20359. Will add near or above 20350 again. Stop for all shorts is 21000 for now. Will scale in and out of this over the next days/weeks.
trade of the day: Globex low held and market showed 4 big rejections below 20100. Bar 44 was signal and entry bar because it broke out of so much, you just had to get long.
DAX H4 | Pullback resistance at 61.8% Fibonacci retracementDAX (GER30) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 20,212.82 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 20,393.00 which is a level that sits above the 78.6% Fibonacci retracement and an overlap resistance.
Take profit is at 19,825.69 which is a pullback support.
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#202501 - priceactiontds - weekly update - daxGood Evening and I hope you are well.
tl;dr
dax xetra: Bulls printed 5 consecutive bull bars but price went nowhere. We are still below the daily 20ema and this looks like a shallow pull-back in a bear trend. Bears need a strong close below 19800 to confirm it. If bulls close above 20000 again, bears could give up and we test higher again. Market is in breakout mode and we will see a bigger move next week. Right now I see the odds 60/40 for the bears.
comment: I don’t have anything to add to my tl;dr paragraph.
current market cycle: Bull trend or trading range. Only a daily close below 19600 would be my confirmation for the trading range.
key levels: 19600 - 20100 (below 19600, 19000/19200 come into play / above 20100, 20400 or higher is possible again)
bull case: Bulls are preventing the market from making a new low for now but they fail to close daily bars above 20000. Once they do that again with follow-through, they likely took control of the market again and we could expect higher prices above 20200 again. Their first target above 20000 is to close the bear gap to 20240 and above that there is no more resistance until 20400.
Invalidation is below 19600.
bear case: Bears are doing good in keeping the market below 20000 which is the most important price for both sides. I still favor the bears to get a second leg down to 19200/19400 but those odds will only rise if we close below 19600. Market is currently in balance.
Invalidation is above 20100.
short term: Slightly bearish but once this goes with some momentum above 20000 again that bearish bias is gone. Bears have the setup here and now and if they fail to break down below 19600 early next week I will view this as neutral or bullish if we go above 20100.
medium-long term from 2024-12-22: Any short near 20000 is reasonable if you can hold for another 1000 points higher. 17000 is much more likely than 21000 though. My first target for the next months is 19000, followed by 17700ish and ultimately down to 16000-16300 in 2025.
current swing trade: None
chart update: Added bear gap and still having my preferred path down as a two legged correction down to 19000.