GER30 H4 | Bullish bounce off 38.2% fibo?Price is approaching our buy entry at 15822.7, which is a pullback support level and at the 38.2% fibo retracement. Our stop loss is at 15719.4, which is a pullback support level, 61.8% fibo retracement and 78.6% fibo projection. Take profit is 15992.2, which is a swing high resistance level.
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Dax30
DAX Elliott Wave Analysis Higher Timeframe (26/08/2023)In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
DAX: Bounced🦘The German Dax index bounced off its support at 15 559 points. As a result, it could not yet sustainably dive into our turquoise target zone between 15 528 and 14 313 points. However, we locate the low of the turquoise wave 4 in this zone and expect a new attempt to fall below the support. Only following the turquoise wave 4, we expect a significant rise.
DAX to turnaround?GER40 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The primary trend remains bullish.
Price action continues to trade around significant highs.
A move through bespoke resistance at 15800 and we look for extended gains.
A Doji style candle has been posted from the base.
We look to Buy a break of 15821 (stop at 15721)
Our profit targets will be 16071 and 16131
Resistance: 15800 / 15900 / 16000
Support: 15700 / 15600 / 15500
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 Elliott Wave Analysis Higher Timeframe (20/08/2023)In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
DAX the last GASP The chart posted is the DAX German index I feel that the likely hood is that we have one last rally WORLD WIDE that should be starting from today . It should carry all or most world indexes to a NEW HIGH from the window of time is going to be tight on all scales it would from Sept 10 to OCT 10 week . This should then see the world fall into a very clear DEEP RECESSION/depression .SOCIAL ISSUES
DAX40 Germany40 : Importtant Zone to DefendTrend Bullish
CB’s bank lending survey reveals signs of concern in the credit market
DAX technical levels of interest – prices remain elevated but waning volatility and momentum hint at a propensity for sideways trading to come
A break above 16383 pushes DAX40 to achieve potentially possible 23850
A break below 11950 is the beginning of the Bearish trend(red curve)
Possible retracements at
14750
13870
12835
DAX to break to the upside?GER40 - 24h expiry
A break of bespoke resistance at 16000, and the move higher is already underway.
Trading close to the psychological 16000 level.
16000 has been pivotal.
Prices have reacted from 15704.
Daily signals are bullish.
The bias is to break to the upside.
We look to Buy a break of 16013 (stop at 15913)
Our profit targets will be 16263 and 16313
Resistance: 16000 / 16100 / 16200
Support: 15900 / 15830 / 15704
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.