Price has traded through the Swing High with a strong close above. Now, price has pulled back into a +FVG. The Daily +FVG is overlapped by the Weekly +FVG, a strong confluence. The expectation is for price to continue higher to the next recent swing high. May profits be upon you.
Theres a full video analysis posted before this. The DAX 40's recent bullish surge reveals signs of exhaustion on the monthly and weekly charts. Lower timeframes suggest a manipulative price structure primed for a potential trend reversal. Here's the breakdown: - Overextension: Extended trends often succumb to corrections or shifts in direction. The DAX 40...
The Index is currently trading in an uptrend parallel channel, and momentum also indicate that the bulls are still in control of the market, so the interesting thing is are we going to see a pullback to level around 16500.00 level for us to get into the trade or the index will still go up. A deep pullback to around 16000.00 will still provide good entry levels...
H4 - Bullish convergence. Currently it looks like a pullback is happening. No opposite signs. H1 - Bullish trend pattern. Currently it looks like a pullback is happening. Until the strong support zone holds I expect the price to move higher further after pullbacks.
H4 - Price is bouncing lower from a key resistance zone. Expecting short term bearish moves to happen here. H1 - Bearish divergence. Most recent uptrend line breakout. Until the key resistance zone holds I expect the price to move lower further in the short term.
Ger40 / Dax entered the initial correction period. If you see Wave A has the same length as Wave C, then the possibility that is happening at this time is the formation of Wave (X), after Wave (X) occurs, the price will return to the target with the target up to the trendline below. There is a possibility that the price drops not to the trendline area, by forming...
Bears in Twitter start to ask themselves whether they were all wrong or they were too early to bet against the market after the Fed was hawkish-but-not-too-hawkish in yesterday's meeting. DAX is a heavily automotive, banks and other cyclic assets weighted European index. Europe has performed better than America, but if ECB decides to implement an even more hawkish...
DAX - Where to next? What a clean chart... I don't expect any movement on this until mid week roughly A break to either direction. Don't forget to follow your own trade plan! Have a great week ahead, Trade Journal
Here is my view for DAX on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Mid-time-frame: See a bearish trend; I expect market reaction when it goes to the shown box.
Here is my view for DAX on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Dont be fooled, DAX went up 800 points in 3 days, no pullback befor continuation up would be more than surprise in these world conditions. Daily support level is at 450 area.
We don’t know what has startled DAX so much that it has jumped upwards and has come quite close to the mark at 12425 points again – maybe, someone tested its startle reflexes… However, the index is already back on track and should continue to move downwards into the pink zone between 11421 and 11060 points to finish wave III in pink, which it could also do in the...
Looks like DAX has the hiccups, the way it is hopping about nervously. We don’t know what has affected its stomach – maybe it is the fact that the index is still indecisive about wave (2) in white. Apparently, it has not yet determined whether it has already completed wave (2) in white or wants to finish it a bit lower still, before resuming the overarching...
Here is my view for DAX on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for DAX on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for DAX on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DAX should draw a deep breath because it has quite the way downwards coming up. We expect the index to head for the support at 12425 points, crossing it to dive into the green zone between 12140 and 11150 points, where it should finish wave 2 in green. Afterwards, DAX should take off again, climbing not only back above 12425 points but also above the resistance at...