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DAX Index

DAX to turnaround at all time highs?GER40 - 24h expiry We are trading at overbought extremes. Price action continues to trade around the all-time highs. The previous swing high is located at 16333. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Rallies should be capped by yesterday's high. Bespoke resistance is located at 16300. We look to Sell at 16299 (stop at 16399) Our profit targets will be 16049 and 16009 Resistance: 16300 / 16340 / 16400 Support: 16280 / 16235 / 16200 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.
OANDA:DE30EURShort
by OANDA
DAX Incomplete Elliott Wave Bullish Sequence Favors HigherShort Term Elliott Wave View in DAX suggests the rally from 3.20.2023 low is in progress as a 5 waves impulse. Up from 3.20.2023 low, wave 1 ended at 15298.49 and pullback in wave 2 ended at 14809.82. Index then extends higher in wave 3 towards 16331.94. Pullback in wave 4 is unfolding as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 15726.5 and wave ((b)) ended at 16079.73. Wave ((c)) lower ended at 15629.12 which completed wave 4. Index has resumed higher in wave 5. Internal subdivision of wave 5 is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave 4, wave ((i)) ended at 16114.84 and pullback in wave ((ii)) ended at 15909.85. Index then resumes higher again in wave ((iii)). Up from wave ((ii)), wave (i) ended at 16020.28 and wave (ii) ended at 15913.95. Expect the Index to extend higher 1 more leg to complete wave (iii), then it should pullback in wave (iv) before it resumes higher again. Near term, as far as pivot at 15629.38 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
XETR:DAX
by Elliottwave-Forecast
UPDATE DAX Target hit 16,333 still heading upDAX formed two powerful patterns. The bigger one was a Falling Wedge & the smaller one was a Reverse Cup & Handle (Which I believed I made up, in case you go Google and not find it :P) The price broke up and headed straight to the top of the wedge which is a decent target for the pattern. 7 >21 >200 Target hit at 16,333 Now this trade was a tough one because even though it hit the target, we held on FAR too long. The daily costs do add up as well as the opportunity cost of holding. even though profits were realised, these are the kinds of things we think about as traders. ABOUT THE DAX The DAX, or Deutscher Aktien Index, is a key stock market index in Germany Foundation: The DAX was launched on December 30, 1987, by the Frankfurt Stock Exchange. Composition: The DAX tracks the performance of 30 of the largest and most liquid companies on the Frankfurt Stock Exchange. Selection Criteria: Companies included in the DAX are selected based on market capitalization, book value, and their importance to the German economy.
XETR:DAXLong
by Timonrosso
DAX Channel Up and Inverse Head & Shoulders pushing for Gap fillDAX rebounded at the bottom of the Channel Up, forming Support (1) at 15625. By doing so it completed the formation of an Inverse Head and Shoulders. This is a twin bullish signal same with the March bottom. Trading Plan: 1. Buy on the current market price. 2. Sell if it crosses Support 1 (15625). Targets: 1. 16340 (Resistance 1 and Gap fill as per the March fractal). 2. 15250 (bottom of long term Channel Up). Tips: 1. The RSI (4h) is also forming a Channel Up like March indicating that we might be exactly before the breakout to the gap fill. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:DE40Long
by TradingBrokersView
10
DAX holding the 1day MA50, ready for a rally.DAX is holding the 1day MA50 Support for the 5th candle in a row. This keeps the Channel Up intact, with the price near its bottom. The 1day RSI is on a consolidation under the MA trendline same with late March. That was the same price consolidation after a Channel Up bottom. The price rallied by +6.34% from that level. Buy and target 16600. If the 1day candle though closes under the 1day MA100, sell and target 15200. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:DE40Long
by TheCryptagon
1
DAX: Inverse Head and Shoulders aiming for a new All Time High.DAX is trading around the 4H MA50 and 4H MA200 with technicals naturally neutral (RSI = 52.802, MACD = 10.300, ADX = 21.396) as on any consolidation. The pattern that was completed (inside the long term Channel Up) is an Inverse Head and Shoulders. Technically such formations target the 2.0 Fibonacci. Our plan is to traget the R1 initially (TP1 = 16,335) and then buy any pull back given and aim at Fibonacci 2.0 (TP2 = 16,600). It is important to mention that the 4H RSI has been trading inside a Channel Up during the formation of the Inverse Head and Shoulders, giving an early bullish signal. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
3
DAX potential pull-back.DAX had an excellent run since our buy signal (see chart below) more than two months ago (March 21) but after it broke above the former All Time High (ATH) on May 19, it has formed a top and is pulling back: As long as the price is closing the 1D candle above the 1D MA50 (blue trend-line), it will be a buy opportunity targeting the top of the (dotted) Channel Up at 16600. If however it breaks below the 1D MA100 (green trend-line) we will quick sell towards the Channel's bottom at 15350 and add a new buy there. In either case, the target remains intact at 16600. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
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by TradingShot
3