GERMANY 30
Look for reversal around 12K areaat 12000 we have S3 pivot, previous volume developing POC and RSI on daily just confirms all of the previous. It can be a nice long setup.
DAX possible bounce we might see a nice reversal since MA (yellow line) holds pretty well and price analysis shows it could be a good signal for long
DE30EUR is decreasing...DE30EUR is decreasing. The exchange rate generates a second downward wave of a triple wave structure. The target price for the second downward wave structure may be around 11783. Then we expect a correction wave structure. Its peak is the intersection of a D1ATR axis. Area of 12215 level. Then the third downward wave, which is the target price of 10882, is completed.
DE30EUR Bounced Off Support, Potential Rise!DE30EUR has bounced off its support at 12501 (76.4% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 12889 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 3.6% where a corresponding rise could occur.
IS DAX GOING BACK 13200 ? waiting from the graphic to break fbo 23,6 level (12837) and touch up channel trend up tick and come back touch 23.6 level and continue to 13150 ' s , we can use as a stop lost level down channel breakout...
What if...These are the levels that I have if the next angle (dotted red line) is lost. If it respect the angle I will use the chart "It seems that this orange still has juice" as reference.
Best wishes!
It seems that this orange still has juiceI would have liked to see it before, but it seems that there is still an opportunity. Although I have to be very careful with the "danger zone" it seems that we have a target.
I will use this publication together with "DAX Down" as reference.
Best wishes!!!
DAX BUY OPPORTUNITYPrice broke above trendline from the upside. RSI oversold with divergence. Price above 20EMA. 2 trades 1.5:1 2:1 RRR. 1st target 127.2%fib 200EMA resistance. 2nd target trend continuation. In my opinion the cycle isn't over we have some time before we get a recession. Bullish. Good Luck
de30eur short termshort term goal, it is following a downward channel and wait for retracement to confirm trend pattern.
DE30EURDE30EUR CFD is currently trading under the 50 m.a which would suggest there could be downside momentum if it holds below the 50 m.a.If it fails to break the 12195.9 priceline i'll be going short til 11944.5 . The 11944.5 PL is important as it failed to break last August so it should be interesting to see if it will hold or breakthrough it. Im not ruling out any upside movements but it seems more bearish than bullish from my analysis. Lastly DE30EUR could trend in a channel (red lines)if so please take note of the bearish flag .
BUY DAX 4HBuying opportunity on DAX30. Trend continuation. Level of support RSI oversold. Market overextended. Bullish on EU Equities until QE ends. Good Luck
German DE30 analysisWe are currently trading at S3 level which also has significant volume so this level ight not be easy to break but bears are strong, trend is bearish so we might see breaking this S3 level and keep going to S4 which is next major support.
At S4 it all could reverse and go for another bullish run and a new high.
Pure divergence, might be easy signal for shortAs you can see on chart, H4 and also H1 shows very nice divergence on RSI. Might be an easy call for short, TP1 around 13 200, TP2 by 13 150.
What will be next? Bounce or breaking the support?Another 3rd bounce or finally breaking support at current level?
