Get started

DAX Index

2024-12-05 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral until we get a decent 1h bar close below the 20ema. 20400 is overbought on probably every metric known to man. Does this mean we will sell off tomorrow? Sadly not. Can go even higher, since bears not doing anything and the buyers are still making money because we print daily new ath. Chances are there for a deep pullback into the weekend but they are very low and we need strong confirmation first. Zero interest in buying this. comment: Break one bull wedge and print another. Bulls are still in control. Bears need a 1h close below ema , which would also be a break of the nearest lower bull trend line. 20300 tomorrow would be nice and anything below 20250 really bad for bulls. Got no more bullish targets for you. It’s a bubble. It will pop. current market cycle: bull trend but very late and will end soon key levels: 20000 - 20400 bull case: Even beyonder overbought today. Can obviously continue but buying this is asking for getting trapped. Invalidation is below 20250. bear case: The 1h 20ema now hold for basically 1100 points. It will break over the next 1-3 sessions. 20300 is the first target for bears and they should finally stop the market from making daily new ath. Still a couple of bullish patterns that need to be broken first, before we can talk about two-sided trading or bears having arguments for lower prices. Invalidation is above 20400. short term: Only waiting for bears to come around. Zero interest in buying. Below 20100 into the weekend would be nice but it’s unlikely. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: Buying the open, duh. 1h 20ema held for more than a week now.
EUREX:FDXSZ2024
by priceactiontds
GER 40 Trade Log GER40 1H Long Setup: Entering at 0.5 FVG Level I'm eyeing a long position on the GER40 (DAX) based on the 1-hour timeframe. Here's the breakdown of my trade setup: 🔹 Entry Point: - Entering at the 0.5 level of the hourly Fair Value Gap (FVG). 🔹 Risk Management: - Risk: 1% of the trading account. - Risk-Reward Ratio (RRR): 1:2. - Stop Loss (SL): Placed below the 1H Kijun-sen line to account for potential volatility. 🔹 Trade Idea: - Expecting a retracement to the FVG before resuming the upward trend. - Aware that price action might slice through our SL, but willing to see how it unfolds. 📊 Technical Analysis: - Ichimoku Cloud: The price is above the cloud, indicating a bullish trend. Placing the SL below the 1H Kijun-sen provides a safety net against sudden dips. - FVG Levels: Fair Value Gaps often act as magnets for price retracements. The 0.5 level is a strategic entry point to capitalize on the potential bounce. 🌐 Macro Factors Supporting the Trade: - Economic Resilience: Recent data shows that the German economy is demonstrating resilience amid global uncertainties, boosting investor confidence. - ECB Monetary Policy: The European Central Bank's accommodative stance continues to support liquidity in the markets, which is positive for equities. - Political Developments: Speculation around leadership changes, such as discussions about President Macron's position, might lead to increased investor optimism in European markets. - Global Market Sentiment: A general shift towards risk-on sentiment globally can propel the GER40 higher. 📝 Note: Trading always carries risk. While the setup aligns with both technical and macroeconomic factors, unforeseen events can impact the outcome. Stay vigilant and adjust your strategy as needed. Let's monitor this trade and see how it plays out. Feel free to share your thoughts or any insights you might have!
PEPPERSTONE:GER40Long
by Fondera
2024-12-04 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Not getting bullish above 20000. We have a clear wedge which will likely break tomorrow. Once the profit taking begins, it will be nasty. For now longs against the 1h 20ema are decent until we clearly break below and outside of the wedge. I doubt we close this week above 20000 tbh. comment: Trade the current bull wedge until broken. I expect that we will see a breakout tomorrow or Friday and I do think it’s possible that we close the week below 20000. The rally is beyond overbought and climactic. current market cycle: bull trend but very late and will end soon key levels: 20000 - 20300 bull case: 20300. Beyond overbought. Can go some more but not much. High is near or already in. Invalidation is below 19700. bear case: Market broke above multiple patterns and chances are good that this is a bull trap and we will reverse soon. For now the bears have nothing but I expect a deep pullback soon. Maybe a pullback to 20000 tomorrow, retest of 20250 or even 20300 and then some more downside. Rough guess as of now. Invalidation is above 20400. short term: No more bullish targets. 20000 is the first pullback target and I think we will break out of the bull wedge tomorrow or Friday. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: Buying the open, duh. 20200 was good support, so longs against that paid multiple times.
EUREX:FDXSZ2024
by priceactiontds
GER 40 Trade LogGER40 Short Position (Discretionary) Rationale : - Overextension: The GER40 index appears significantly overextended without substantial fundamental support. - Rising German Bond Yields: An increase in German government bond yields suggests a shift towards higher borrowing costs, potentially impacting equity valuations. - MACD Divergence: A notable divergence between the MACD indicator and price action indicates a weakening bullish momentum, often preceding a trend reversal. - CVD Divergence: Divergence in the Cumulative Volume Delta points to a disparity between buying and selling pressures, signaling a potential downturn. Trade Details : - Position: Short GER40 via market order - Risk Management: - Risk per Trade: 1% of trading capital - Risk-Reward Ratio (RRR): 1:2 Note: This trade is discretionary and anticipates a sharp correction at market open. Despite the lack of a formal signal, the confluence of technical indicators and macroeconomic factors supports this decision.
PEPPERSTONE:GER40Short
by Fondera
2024-12-03 - priceactiontds - daily update - dax futuresGood Evening and I hope you are well. tl;dr dax futures - Neutral again. More chop expected. Can bulls do another leg up? Yes. Is it likely? I think it’s 50/50 right now. Bears obviously not doing enough and bulls are still buying above 20000, which is very bullish. Bulls have 2 bull trend lines as support around 20000 and 19950. It’s still BTFD until we make lower lows again below 19900. comment: After many months of writing about the most outrageous target for the dax, we finally did it. What a time to be alive. Don’t look to be the first bear. Can go higher obviously but I won’t chase anything here. My bullish targets are met, I don’t care about any more upside other than small scalps. Will wait for bigger bears to come around and will watch closely when bulls begin to take bigger profits. current market cycle : bull trend but very late and will end soon key levels: 19500 - 20000 bull case: Can do 20200 but we could have also seen the highs. It’s a gamble to bet on higher prices. Long the pullbacks until we make lower lows again on the 1h or 2h tf. Invalidation is below 19700. bear case: Nothing changed. Got nothing for bears until they can get a daily close below 19700 again. We most likely spend more time 19800 - 20100 before another impulse. Invalidation is above 20100. short term: Neutral. We can go higher but I don’t expect much tbh. 19800 - 20100 is my current range. Same as yesterday. Best bears can hope for is to test 19950 tomorrow. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: Buying 20k or Selling 2070. Clear support and resistance on the day.
EUREX:FDXSZ2024
by priceactiontds
DE30 "GERMANY 30" Index Market Heist Plan on Bullish SideHello!! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist DE30 "GERMANY 30" Index Market Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback. Stop Loss 🛑 : Recent Swing Low using 2H timeframe Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. 💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
OANDA:DE30EURLong
by Thief_Trader
2024-12-02 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral for now. Bullish targets are met with 20k and I will scalp long we have a clear setup but not chasing anything Too early for shorts, best to not mess up your year this late. comment : After many months of writing about the most outrageous target for the dax, we finally did it. What a time to be alive. Don’t look to be the first bear. Can go higher obviously but I won’t chase anything here. My bullish targets are met, I don’t care about any more upside other than small scalps. Will wait for bigger bears to come around and will watch closely when bulls begin to take bigger profits. current market cycle: bull trend but very late and will end soon key levels: 19500 - 20000 bull case: Got nothing more for you. Market’s tend to move from trend to trading range instead of trend in the other direction. So we could spend some more time up here. Invalidation is below 19700. bear case: Yeah… Also got nothing for you until bears can get a daily close below 19700 again. We most likely spend more time 19800 - 20100 before another impulse. Invalidation is above 20100. short term: Neutral. We can go higher but I don’t expect much tbh. 19800 - 20100 is my current range. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: Longs only. My weekly outlook was pitch perfect and good for 300+ points. Bar 27 to 39 were more than enough signal bars to go long. 40 was really give up bar by the bears and market just went straight up.
EUREX:FDXSZ2024
by priceactiontds
Few like European equity, but they should - GER40 to new highs Few like investing in Europe at present, and while France remains constrained by political risk, the German equity index (GER40) is doing everything right from a technical and price action perspective, and positioning for further upside seems the play. Having held the 19k support level throughout November, the bulls have built a solid platform to progress, taking the index through downtrend resistance & backed by solid range expansion and the index closing on weekly highs. The ATHs are now being tested, subsequently, a closing break through 19.679 would encourage momentum accounts to chase the upside as we roll into the ECB meeting (12 Dec) and year-end. A daily close below the 5-day EMA would be a signal to turn cautious, flipping to outright shorts on a closing break of 19k. But for now, long and strong seems the higher probability position. Good luck to all.
PEPPERSTONE:GER40Long
by Pepperstone
#202448 - priceactiontds - weekly update - dax Good Evening and I hope you are well. tl;dr dax xetra: Max bullish. Clear break above and dax printed 19600 again. New ath next week is likely just a matter of when. Targets above are 20000, That’s it. For bears it’s anything below 19130 but that is far away and very low probability. If November closes above 19600, I think 20k is almost a given. After that I will not care about bullish targets any more until we corrected at least 30%. Does not mean I won’t continue scalping it both ways. Quote from last week: comment: Thursday and Friday changed the character of the market. Bulls broke above the bear trend line and closed both days at the highs. Next target is the last bear trend line around 19430 before we can retest 19600+. Can only be bullish after past 2 days. Bears can only change my mind if they can close below 19100 again. For now I think many bears gave up and try again around 19500/19600. Is this structure very bullish? Absolutely not. I just think a retest of 19600+ is more likely than a close below 19100. The market spend enough time ins this trading range that the next push above could be the last before we correct in a bigger fashion. After this push up, I would not look for bullish targets until we have seen 18000. Market is overdue for a correction. We will see at least 16000 in 2025. comment : Late bull breakout during the week like the week before that. Another clear buying signal going into next week. There is not much to add from my tl;dr. Both of my upper bull trend lines run through 20k and I have multiple measured move targets there. More than enough reasons to be bullish and look for longs. Bears can do almost nothing to change my mind, unless we see on giant bear bar closing below 19100 on Monday. current market cycle: trading range but if we make higher highs, we are obviously in a continuation of the bull trend. key levels: 19100 - 20000 bull case: Bulls want 20000. Clear as day, as is the breakout. My chart is clear and my invalidation levels are too. Invalidation is a daily close below 19100. bear case: Not much for the bears until they close below 19100 again. Did not change that sentence since past Sunday. Bears will dominate 2025 but now is not the time to be early as a bear. Invalidation is above 20100. outlook last week: short term: Very bullish above 19400 and even more above 19600. Below 19100 we are absolutely neutral once again. Hell below 18800. → Last Sunday we traded 19322 and now we are at 19626. 300 points on the week, hope you made some. short term : Max bullish for 20k. Can we chop some before we get there? Sure but I don’t think bears can get this below 19300 again before we hit 20k. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all for now. The current push is most likely the last of it. Bears will come back soon. current swing trade: None chart update: Highlighted bull trend lines and my 5-wave series is still valid.
XETR:DAXLong
by priceactiontds
2024-11-28 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Max bullishness. Bulls bought it all today. We barely made higher highs and are still under 19500 but every small dip was relentlessly bought. Bulls also defended the Globex gap and that fact + that we closed right at the highs is the strongest buy signal going into tomorrow there is. I expect a quick move abov 19500, followed by some sideways movement before we go for 19600 and I don’t think it can prevent a new ath either tomorrow or next week. I only get bearish below 19350. comment : Bulls set up a big breakout for the coming days. Every dip was bought and we closed at the highs. Easy validation levels now. 19519 was high of the week and we will likely hit it tomorrow for some sideways movement afterwards. Very bullish for 19600 after that. If we drop below 19380 again, means the bull trend line broke and we have many support prices between that and 19300. Do or die for the bulls here. Fail and down to 19300 or lower. Break above and likely 19600 and new ath. current market cycle : trading range key levels: 19300 - 19600 bull case: Bulls want the breakout above 19520 and they are perfectly set up to get it. Measured move from today brings us almost exactly to the ath 19802. There. Are. No. Coincidences. Invalidation is below 19350. bear case: Bears need to stay below 19500 to have a reasonable chance of going more sideways and then down below 19350. Below that, they will likely gain more momentum and go down to 19300 or 19200. Until then, they have little arguments on their side after today. Market now closed 4 consecutive bars above the daily 20ema and bears could not even close the Globex gap today. That is so bullish because it’s so rare, you can not think about shorting this until bears have shown strength again. Invalidation is above 19520. short term: Bullish. Expect a meltup. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Longs only. Every dip buy made you money.
EUREX:FDXSZ2024Long
by priceactiontds
2024-11-27 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax xetra - 19300 was crushed early and we tested 19200 and given yesterday. Market tried to reverse it but failed below the breakout point. That’s bearish on one hand but we closed above the daily and 1h 20ema. Bulls need 19500 and bears 19100. We are trading right in the middle of it and that zone is death for your account. Wait for a strong breakout. It will likely happen tomorrow. comment: Market hit the midpoint of this trading range and went back above 19300. We are in no mans land between 19200 and 19400. Bearish below, bullish above. Break above 19350 tomorrow and we will see 19400 and likely 19460 afterwards. Fail at 19200 and we go down to 19000. Absolute in balance is what this is, so no bias on my end. current market cycle: trading range key levels: 19200 - 19400 bull case: Bulls need a 1h close above 19350 for higher prices. That’s all there is to it right now. Invalidation is below 19250. bear case: Bears want to stay inside the bear channel and test 19200 again. We are seeing many converging lines for tomorrow, so it’s reasonable to hope for a bigger trend day tomorrow. Invalidation is above 19350. short term: Neutral. Clear levels given, hoping for a big day tomorrow. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Short from the open, which was a bit unexpected imo. Market then formed clear and expected support at 19200, which was a good long for 200+ points.
EUREX:FDXSZ2024
by priceactiontds
2024-11-25 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax xetra- Bullish. Globex opened with a big gap up and bears closed it but could not close the gap to Friday’s closing price. This is bullish confirmation and bulls will now poke the bear trend line until it breaks. Bears would need a 1h close below 19300 to make me question this move. Bear trend line held, which is why we are forming nested triangles. Expect more sideways movement until bulls break above 19500 with force. Afterwards 19600 will come fast and then we retest the ath. comment: Doji on the daily chart but bulls confirmed the breakout. Not much to add after my tl;dr and my weekly outlook. current market cycle: trading range key levels: 19000 - 20000 bull case: Bulls need to keep it above 19300 and poke the bear trend line until it breaks. Next target is 1h close above 19500, followed by 19600/19650. Invalidation is below 19300. bear case: Bears could not close the gap to 19357, which shows weakness. If they get it tomorrow, we will test the next bull trend line around 19250 and bulls better pray that holds or it 19100 or lower again. 1h close above 19500 and most bears will give up until 19600. Not more magic to it. Invalidation is above 19500 (need 1h close above, not another spike and reversal). short term: Bullish for the breakout above 19500 but for now it’s a clear trading range 19350 - 19500, so buy low, sell high and scalp until we clearly go higher. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Selling 19500 was the easiest. Other than that it was a limit order market for small scalps at best.
EUREX:FDXSZ2024Long
by priceactiontds
#202447 - priceactiontds - weekly update - dax Good Evening and I hope you are well. tl;dr dax xetra: Bullish if we get above 19400 and have a daily close there on Monday. Neutral otherwise. Bullish bias was correct last week and bulls broke above the bear trend line. They have made higher highs and lows and are in control again. I have many blow-off top targets above for all markets and if bulls get follow through next week, chances are very good that we reach them before we see a bigger correction. Bears can only hope to keep it below 19400 or we see 19500 soon. Below 18800 I don’t think bulls can reverse this again and we would drop down to 18500. Quote from last week: comment : Another week where I can’t make up new stuff. Bears dipped below 19000 and again but could not close below it even once. Market is in balance around 19200-19300 and until we have a daily close below 19000 or above 19400, we will continue to oscillate around that range. It’s maybe slightly more bearish because we have closed 4 consecutive days below the daily 20ema. comment : Thursday and Friday changed the character of the market. Bulls broke above the bear trend line and closed both days at the highs. Next target is the last bear trend line around 19430 before we can retest 19600+. Can only be bullish after past 2 days. Bears can only change my mind if they can close below 19100 again. For now I think many bears gave up and try again around 19500/19600. Is this structure very bullish? Absolutely not. I just think a retest of 19600+ is more likely than a close below 19100. The market spend enough time ins this trading range that the next push above could be the last before we correct in a bigger fashion. After this push up, I would not look for bullish targets until we have seen 18000. Market is overdue for a correction. We will see at least 16000 in 2025. current market cycle: trading range key levels: 18800 - 20000 bull case: Bulls next target is 19400+ before retest of ath. My most outrageous bullish target is still 20000 and everything is aligned to get there. If bulls can’t get it now, they probably wont get it for years. Invalidation is a daily close below 19000. bear case: Not much for the bears until they close below 19100 again. They tried for more than two weeks with going nowhere and now market tries the other direction again. I expect more bears to come around at 19600 and if they won’t hold, 20000. Most likely outcome is a continuation of the trading range 18800 - 19600. Invalidation is above 19600. outlook last week: short term: Neutral 19000 - 19300, bullish above for 19600 or higher. Daily close below 19000 is worst case for bulls because there is no more support until 18200. → Last Sunday we traded 19210 and now we are at 19322 . 90 points on the week. Who told you it’s neutral inside given range? You are goddamn right. short term: Very bullish above 19400 and even more above 19600. Below 19100 we are absolutely neutral once again. Hell below 18800. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all for now. The current push is most likely the last of it. Bears will come back soon. current swing trade : None chart update: Bull flag still valid but potential bullish 5-wave series added for 20k.
XETR:DAXLong
by priceactiontds
2024-11-21 - priceactiontds - daily update - dax Good Evening and I hope you are well. tl;dr dax xetra - Bullish. 3 times bears tried to close below 19000 and failed. Today bears only printed a higher low and the chances for the bulls are good to get above 19260, test 19360 and then melt above to 19600+. If my thesis is correct, market will not drop much again overnight or tomorrow. Anything below 19140ish is probably invalidation for that. If bears do it again, also a decent chance that bulls give up and we finally see a bigger down move but for now I heavily favor the bulls. comment : Will get a bit whacky now but bear with me. I do think today was W1 of a 5-wave series where W3 will lead to 19450ish and the bear trend line and W5 will lead to 20k because a measured move up from my W3 is almost exactly 20k. So if that will happen, you are welcome. I think the current structure is a simply if this then that case. Market stays above 19000, we will likely break above 19200 for 19450 and so forth. If we print below 19000 again, bulls might give up and we flush down in a bigger move. One side has to give tomorrow and I heavily favor the bulls. current market cycle: trading range key levels: 18800 - 20000 bull case: Bulls closed above the first bear trend line and it was another huge reversal day. Bears tried 3 times and it’s time to give up and find more sellers at higher prices. It’s entirely possible that this market will trade between 18800 and 19300 for the next year. Always be open to many possible outcomes. Invalidation is below 18869. bear case : Bears still see the trend line as not broken enough and they are still printing lower highs and as long as that is the case, they have made money selling highs and they will continue to do so. Problem for the bears is the higher low from today and that the market closed at the highs. If they manage to get below 19000 again, their odds rise and it’s possible that more bulls give up and we see a bigger move down. Invalidation is above 19310.. short term: Bullish. Want to see 19300 and maybe 19400+ tomorrow. Everything below 19000 means I’m wrong and we either chop until world ends or flush down. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Very risky longs around 19000 with a wide stop below y low but they paid.
XETR:DAXLong
by priceactiontds
DAX: rebounding on the 1D MA100. Buy opportunity.DAX is neutral on its 1D technical outlook (RSI = 48.905, MACD = -31.600, ADX = 29.913) as it made a rebound near the 1D MA100 on Tuesday and has been consolidating inside the 4H MA50 - 1D MA100 range. The prevailing pattern is a Channel Down and looks the same as the May-June Channel Down which also rebounded on the 1D MA100. Until it formed a 4H Death Cross, the price stayed within the 4H MA50 - 1D MA100 range. The breakout that followed crossed over the 0.786 Fibonacci level and hit the R1 before being rejected. Consequently, we consider this a buy opportunity on the short term, aimed at the R1 level (TP = 19,550). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
XETR:DAXLong
by InvestingScope
1
2024-11-20 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral. More sideways, all given levels still valid and another disappointing day for the bulls. Also a perfect doji when US closed. If you missed my weekly and the update from yesterday, catch up on those. Otherwise move on. comment: Neutral market around 19150. No deeper meaning until we see the next big move which also closes at the lows or highs. Range and pattern is getting too tight and we will likely see the big move tomorrow or Friday. current market cycle: trading range key levels: 18800 - 19360 bull case: No side has an advantage here. Midpoint of the weekly range is 19114 and market closed us session at 19143. Above 19300 we likely go to 19359 and if we break above that, we go much much higher. Invalidation is below 18869. bear case: Bears did not dip below 19000 which was good for the bulls but still a daily doji, so no deeper meaning. Bears want a daily close below 19000 bad. If they get it, chances are high that this bull trend is over and we will see much lower prices. Until then, play the range and don’t swing for the fences. Invalidation is above 19350. short term : Neutral. Max bullish above 19360 and max bearish below 18860. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Market made only lower highs since bar 33 and selling it was ok on bar 42 or latest 55. Reasons to exit was bar 59 if bar 60 would have traded above it but it did not so bar 61 was a decent bull bar and 62 good follow through, had to get out of longs there latest. Could you also go long then? I would not. Too big of a risk that 15m 20ema is resistance and market is trying to test breakout price from bar 48, which it could not even get up to. I also think buying the double bottom 75 + 77 was ok.
EUREX:FDXSZ2024
by priceactiontds
2024-11-19 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral. Lower lows and lower highs but a nasty reversal from 18869. The buying was strong but still not good enough for the bulls to take control again. Bears are showing decent selling pressure but getting nowhere. I do think market wants to test higher tomorrow. 19250 is the first target, followed by 19300 and 19350. If 19200 turned resistance and bulls show weakness again, bears might do a real one and get to 18500. There is absolutely no more support until 18500 for the bulls. comment: tl;dr covered most of it. We closed in the middle of the current range, which is as neutral as it gets. I still favor the bulls but I was also wrong about the two previous sell offs and new lows, so maybe take my bias lightly. Market is in balance around 19150 and we have clear support and resistance for a week, despite the marginally lower lows. 18900 - 19330 is the range, play it until we have a 1h close above or below. current market cycle: trading range key levels: 18800 - 19700 bull case: Bulls need some follow through badly. 19250 and then 19300. If they break above 19360 tomorrow, we print 300 points higher. Invalidation is below 19100. bear case: Below 19100 bears take control again and I think the market can only do one thing so many times until one side gives up big time. If bears manage to print another low below 18869, we go down hard to 18500 or lower. Bears want to keep this below 19200. Invalidation is above 19350. short term: Neutral. Max bullish above 19360 and max bearish below 18860. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Shorting the open due to news was amazing. Also buying 18900. Both trades were mostly momentum based but we also had a quadruple top to sell and a double bottom to buy. Hope you took at least one of them.
EUREX:FDXSZ2024
by priceactiontds