DAX Elliott Wave Analysis for Thursday 24/08/2023The primary scenario (in green) assumes more upside in a corrective pattern. The secondary scenario (in red) calls for another leg down before we have the upside in a corrective pattern.
Dax40
DAX40 H4 | Potential bullish breakoutDAX40 has hit the buy entry for a potential bullish breakout. Momentum could carry price higher towards our take profit target. Wait for breakout confirmation prior to entering the trade.
Entry: 15797.95
Why we like it:
There is a potential bullish breakout
Stop Loss: 15705.25
Why we like it:
There is a pullback support
Take Profit: 16002.65
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level
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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 for Wednesday 23/08/2023The primary scenario (in green) assumes more upside in a corrective pattern. The secondary scenario (in red) calls for another leg down before we have the upside in a corrective pattern.
DOW JONES TRADE IDEADOW JONES closes slightly higher on Friday after a 3days bearish run. We should expect more bullish move before the close of the market and at the open of the New York session.
NASDAQ 100 TRADE IDEANASDAQ 100 closed slightly higher on Friday after a 3day bearish run. we should expect bullish moves today before the close of the market and at the open of the New York session.
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 - Elliott WavesDAX has started to complete the final wave of triangle, wave (e), which consists of abc, and wave c has just started, down to 15500-15342-15238.
DAX Elliott Wave Analysis for Friday 18/08/2023Still two scenarios. The bullish scenario (in green) shows an ending wave 2 down that will be followed by wave 3 up. The bearish scenario (in red) assumes more downside to finish wave C and a higher degree wave (4).
DAX Elliott Wave Analysis for Thursday 17/08/2023Still two scenarios. The bullish scenario (in green) shows an ending wave 2 down that will be followed by wave 3 up. The bearish scenario (in red) assumes more downside to finish wave C and a higher degree wave (4).
DAX 40 TRADE IDEADAX40 is forming a bearish trend, DAX40 close yesterday's session with less than -0.8%. We should expect more bearish movements at the open of the New York and FOMC statement.
DAX Elliott Wave Analysis for Wednesday 16/08/2023Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by wave 3 up. The bearish scenario (in red) assumes more downside to finish wave C and a higher degree wave (4).
DAX Elliott Wave Analysis for Tuesday 15/08/2023Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).
DAX Elliott Wave Analysis for Monday 14/08/2023Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).
DAX Elliott Wave Analysis Higher Timeframe (12/08/2023)In the higher timeframe, we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
Trading week recap for NASDAQ, DOW, DAX & FTSE (12/08/2023)Let's look back at the past trading week and learn from it. What went well? What could be better?
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 Elliott Wave Analysis for Friday 11/08/2023Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).
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.
DAX Elliott Wave Analysis for Thursday 10/08/2023Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).
DAX40 Will Rise much more HigherAs predicted some time ago
DAX 40 broke 16300
Now....
I have marked the next levels for you
Use proper stop
European stocks rose on Thursday, and Germany's DAX 40 index climbed nearly 1% to touch its highest level since January 2022, driven by the optimism surrounding the potential breakthrough in US debt ceiling talks, with expectations that a resolution could be reached as early as the upcoming weekend. In notable corporate news, Deutsche Bank reached an agreement to pay $75 million to settle a lawsuit filed by women who alleged they were victims of abuse by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking. Meanwhile, luxury fashion brand Burberry reported a notable 16% increase in Q4 comparable store sales, while Royal Mail posted an annual adjusted operating loss of £419 million, which surpassed market expectations. Additionally, telecommunications company BT Group announced plans for up to 55,000 job cuts, despite reporting a 5% rise in full-year adjusted core earnings.
DAX40 hourly breakdownWith the DAX making all time highs and now creating new levels of support, the best we can do is work with previous levels. When an instrument is making ATH's it is difficult to chart exactly where the next level of resistance will be, as it is all untested area and it's up to the market to decide just how overbought it really is before we can move down.
Looking at the DAX40 we can see several levels of strong support that may act as resistance in the future, such as the 16332.4 level which was the resistance created 2 months ago and is now acting as current support. Should we close blow this level, there is a no trade range that would be best to avoid purely due to price action potentially catching us out.
Closure below 16267.2 would be great for sells, as there is a clean range below here and typically in the past when price has closed below this level price moves down towards 16242 and 16196.
DAX Elliott Wave Analysis for Wednesday 09/08/2023Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).
