DAX INDEX FUTURES (FDAX1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 12999
Pivot: 12809
Support : 12415
Preferred Case: On the H4, with price moving within a descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 12809 where the pullback resistance is to the 1st support at 12415 where the swing low support, 61.8% fibonacci projection and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 12999 where the pullback resistance, 61.8% fibonacci projection and 23.6% fibonacci retracement are.
Fundamentals: Due to the extended Nord Stream 1 halt, we have a bearish view on the DAX Index.
Daxindex
DAX: HiccupsLooks 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 ascent. However, there is only room until the support at 12425 points, as below this mark, our secondary scenario with a probability of 40% would come into play. In that case, DAX would have to take a detour through the green zone between 12140 and 11150 points first, before rising again.
Mini DAX Futures (FDXM1!), H4 Potential for bearish dropType : Bearish Drop
Resistance : 13341
Pivot: 13011
Support : 12422
Preferred Case: On the H4, with price moving within a descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from the pivot at 13011 where the pullback resistance is to the 1st support at 12422 where the swing low support, 61.8% fibonacci projection and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 13341 where the overlap resistance and 50% fibonacci retracement are.
Fundamentals: Since Russia's Gazprom said that a new turbine halt will further cut gas to Germany, it creates additional supply worries and we have a bearish view on the DAX index .
DAX INDEX FUTURES (FDAX1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 13344
Pivot: 12996
Support : 12370
Preferred Case: On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 12996 where the pullback resistance is to the 1st support at 12370 where the swing low support and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 13344 where the overlap resistance and 61.8% fibonacci projection are.
Fundamentals: Since Russia's Gazprom said that a new turbine halt will further cut gas to Germany, it creates additional supply worries and we have a bearish view on the DAX index .
DAX INDEX FUTURES (FDAX1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 13669
Pivot: 13346
Support : 12999
Preferred Case: On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 13346 where the overlap resistance, 38.2% fibonacci retracement and 61.8% fibonacci projection are to the 1st support at 12999 where the pullback support, 61.8% fibonacci retracement and 100% fibonacci projection are.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 13669 where the pullback resistance and 61.8% fibonacci retracement are.
Fundamentals: Since Russia's Gazprom said that a new turbine halt will further cut gas to Germany, it creates additional supply worries and we have a bearish view on the DAX index .
DAX INDEX FUTURES (FDAX1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 14239
Intermediate Resistance: 13980
Pivot: 13661
Support : 13350
Preferred Case: On the H4, with price expected to bounce off the stochastic support, we have a bullish bias that price will rise to the pivot at 13661 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, we would expect bullish momentum to carry price to the take profit at 14239 in line with 100% fibonacci projection and 78.6% fibonacci retracement. Take note of intermediate resistance at 13980 where the swing high resistance and 61.8% fibonacci projection are.
Alternative scenario: Alternatively, price could drop to 1st support at 13350 where the overlap support, -27.2% fibonacci expansion, 127.2% fibonacci extension and 38.2% fibonacci retracement are
Fundamentals: No Major News
DAX INDEX FUTURES (FDAX1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 13968
Pivot: 13674
Support : 13379
Preferred Case: On the H4, with price expected to bounce from the stochastic support, moving above the ichimoku indicator and within an ascending channel , we have a bullish bias that price will rise to the pivot at 13674 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, we would expect bullish momentum to carry price to 1st resistance at 13968 in line with swing high resistance and 61.8% fibonacci projection.
Alternative scenario: Alternatively, price could drop to 1st support at 13379 where the overlap support, 100% fibonacci projection, 38.2% fibonacci retracement, -27.2% fibonacci expansion and 127.2% fibonacci extension.
Fundamentals: Since the Eurozone and German ZEW Economic Sentiment data worsened in the current survey, we have a bearish view on the DAX Index. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
Mini DAX Futures (FDXM1!), H4 Potential for bullish riseType : Bullish Rise
Resistance : 14220
Pivot: 13670
Support : 13351
Preferred Case: On the H4, with price moving above the ichimoku indicator and within an ascending channel , we have a bullish bias that price will rise from the pivot at 13670 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 14220 in line with 78.6% fibonacci retracement and 100% fibonacci projection .
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 13351 where the pullback support, -27.2% fibonacci expansion, 61.8% fibonacci retracement and 100% fibonacci projection are.
Fundamentals: Since investors have seen evidence that inflation has peaked, we have a bullish view on the DAX index.
DAX INDEX FUTURES (FDAX1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 14213
Pivot: 13782
Support : 13670
Preferred Case: On the H4, with price moving above the ichimoku indicator and along an ascending channel, we have a bullish bias that price will rise from the pivot at 13782 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 14213 in line with 78.6% fibonacci retracement and 100% fibonacci projection.
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 13670 where the pullback support, 61.8% fibonacci projection and 50% fibonacci retracement are.
Fundamentals: As the US Consumer Inflation eases, we have a bullish view on DAX Index .
DAX Index, needs some correction. GER30Hello my friends, This is an update of previous analysis (blow link). Everything is clear on the chart for you like always. We have a bullish trend and price keeps it and needs some correction for now to 13320, but If the price loose the support zone , the sell position will be activated in the direction of the arrow. So monitor the price's action in the circles.
Good luck.
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DAX Potential for bullish momentumOn the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to the buy entry at 13685.19 where the pullback resistance is. Once there is upside confirmation of price breaking 1st resistance structure, we would expect bullish momentum to carry price to take profit at 14218.47 in line with 78.6% fibonacci projection and 78.6% fibonacci retracement. Alternatively, price could drop to stop loss at 13367.92 where the overlap support and 38.2% fibonacci retracement are.
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DAX Index, will keep bullish but... GER30Hello my friends, This is an update of previous analysis (blow link). Everything is clear on the chart for you like always. We have a bullish trend and price keeps it but If the price loose the support zone, the sell position will be activated in the direction of the arrow. Also consider the Taiwan situation. So monitor the price's action in the circles.
Good luck.
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DAX: Deep BreathDAX 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 13682 points. There remains a 33% chance, though, that the index could surmount the resistance at 13682 points earlier already.
DAX Index, Buy from level. GER30Hello my friends, Everything is clear on the chart for you like always. We have a W pattern at support zone so I expect a long leg to resistance zone. So monitor the price's action in the circles.
Good luck.
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