Dax40
DAX(GER30), nuke is coming?I explained the fundamental part in my EURUSD post. Check it out here:
Now, let's talk about the technical part:
At the London opening, we saw significant manipulation downward with a liquidity sweep from the previous day's low (PDL) and other swings. Now, I would love to see an aggressive movement upwards toward the all-time high (ATH), where I'll be looking for a short setup. However, if the price closes on the 1-4h time frame with a big fat candle, I won't touch the GER40 (DAX) for a while because there won't be any targets ("sky is the limit") to get liquidity from.
There's one possible scenario: a move into premium after the first market structure (MS) shift today, followed by a second shift (break of structure, BoS). Bearish order flow will be confirmed, with the final target being the 4h fair value gap (FVG).
DAX ahead of a mega 1W Bullish Cross.Last month (July 15, see chart below), we made a bold Megaphone prediction on DAX (FDAX1!), which delivered both an excellent sell opportunity and a bottom buy entry:
The situation now is more difficult as despite DAX's recovery, the U.S. markets are under a certain degree of volatility. We need to zoom out to the 1W time-frame to answer that and get a better understanding of the long-term trend.
The key development will be the upcoming formation of a 1W MACD Bullish Cross. It will be the first since November 20 2023, which was in fact the last time the index hit and rebounded on the 1W MA100 (green trend-line), forming the previous Higher Low of the 2-year Channel Up.
As a result, having already tested and rebounded earlier this month on the 1W MA50 (blue trend-line) for the first time in 9 months, we believe that the current 4-week green rally will be extended.
The last two Bullish Legs of the Channel Up initially rose by +16.74% and +23.84% before their first corrective pull-back. As a result, our Target on the medium-term is 19800 (+16.74% rise from the recent bottom).
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DAX short term - bullish Team, I am long DAX at the current price of 18437, with a tight stop loss at 18420 and a target long range at 18520-18540. There will be a resistance test at 18500-05. If the trend pulls back strongly, get out and take your profit.
I also set up short at 18540-45 (NOT yet confirmed). Once the short position is confirmed, I will update you on Tradingview. My short position target at 18435, 18400 and 18355
Rheinmetall just surpassed their All-time high!Good afternoon everyone. GETTEX:RHM just surpassed their All-Time high (Adjusted for dividends). They tested their new resistance at €568.274, which is about 0.8% above their previous All-Time high from April 09th.
There will likely be a small correction in the next few days. Worst case, Rheinmetall has a downward potential of 17.9% to their last big support zone, but in my opinion, this is highly unlikely.
I will personally hold Rheinmetall, as I'm still seeing big potential in them.
I'm working on a bigger Analysis on Rheinmetall's Long-Term potential, which will be published in the next few days. Please check out my Analysis on the Uranium mine GETTEX:CJ6
I wish you a pleasant weekend, see you soon.
DAX to find buyers at market?GER40 - 24h expiry
A Morning Doji Star formation has been posted at the low.
A Doji style candle has been posted from the base.
The primary trend remains bullish.
Daily signals are bullish.
Yesterday's Marabuzo is located at 18415.
We look to buy dips.
We look to Buy at 18415 (stop at 18315)
Our profit targets will be 18665 and 18725
Resistance: 18509 / 18600 / 18700
Support: 18430 / 18350 / 18220
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.
DAX40 H4 - Short SignalDAX H4
We ended up trading higher than the previous zone we indicated yesterday on DAX40. Breaking resistance and moving now closer to this next area of resistance, priced 18650.
This 18650 price no doubt holds more significance from a selling standpoint. Huge H4 supply dated 12th June and multiple tests of resistance during recent trade. The entry we were looking for right at the beginning of the week in-fact.
DAX H1 - Sell SignalDAX H1
We have just shifted up our short tool here, yesterday we were just a mere 5 or so points away from our black line, sell zone. We are really trying to catch that previous area of resistance and supply price that sits around 18640 price. We are still looking to try and execute something on that basis.
Eyes peeled, we will follow along with this one today and see what we can fathom.
Bearish drop?DAX40 is rising towards a resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 18,275.79
Why we like it:
There is a pullback resistance level.
Stop loss: 18,386.59
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Take profit: 17,931.01
Why we like it:
There is a pullback support level.
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GER30 remains under pressure after sharp sell-off last weekEuropean stocks took a beating last week following the announcement of a snap election by French President Macron. The momentum remains subdued but prices are at a key support level.
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DAX40 - Range TradingDAX40 H4
We have started to form a short term range between 18200 price and 17900 price. Recent retest wick on the H4 to see resistance hold. We are yet to touch 17900 during such recent trade, but that's what we have our eyes on and alerts set for. Waiting patiently.
Additionally, we are going to set alerts for 18200 also, in the case we top out resistance price again. We can then look to sell from resistance price of 18200 down towards 17900.
Bearish drop?DAX (DE40) is reacting off the pivot which acts as an overlap resistance and could potentially drop to the pullback support level.
Pivot: 18,396.65
1st Support: 18,225
1st Resistance: 18,531.90
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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DAX continues to hold back bears.GER40 - 24h expiry
Price action continues to trade around the all-time highs.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
A Doji style candle has been posted from the base.
Preferred trade is to buy on dips.
Our outlook is bullish.
We look to Buy at 18655 (stop at 18555)
Our profit targets will be 18905 and 18955
Resistance: 18762 / 18806 / 18928
Support: 18680 / 18586 / 18500
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.