Daily analysis and day trading setups on DAX Ger30 20220816Happy Tuesday,
Line in the sand for Dax is 13850. However, for the rally to continue 13900 has to break. Bulls need to defend 13810 & 13780. Bears need to take out 13730
Macro : EU/DE Zew Survey, US Building Permits, Housing Starts, CAD CPI
Buy
Break: 13860, 13920, 14010, 14070
Reversal: 13800, 13740, 13690, 13600
Sell
Break: 13820, 13760, 13710
Reversal: 13945, 14030, 14085, 14120, 14150
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
GERMANY 30
Daily analysis and day trading setups on DAX Ger30 20220815Happy Independence Day to all my Indian brothers & sisters,
It is peak of summer vacation in Europe so expect choppy jumpy moves
Macro Nothing of great significance today
Line in the sand for DAX is 13830. A break below will bring some selling. A move above 13870 may start another run.
Buy
Break: 13875, 13955, 13990, 14030
Reversal: 13795, 13715, 13645, 13565
Sell
Break: 13805, 13725, 13650
Reversal: 13970, 14000, 14040, 14120, 14200
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis and day trading setups on DAX Ger30 20220812Happy Friday,
Bulls are trying to reach for 14k handle while bears are barely holding their shorts (full on pun intended)
Line in the sand for DAX today is 13580
Macro EU Industrial Production, GB GDP Estimate, US Michigan Cons. Sentiment Index
Buy
Break: 13690, 13760, 13830
Reversal: 13660, 13580, 13520, 13430
Sell
Break: 13670, 13600, 13530, 13430
Reversal: 13710, 13770, 13840, 13870, 13940, 14k
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis and trade setups on DAX Ger30 20220810Happy Midweek, Happy CPI Day,
As mentioned in yesterday's analysis, DAX not being able to hold above 13680 was ominous
Now a sustained move below 13440, break of 13300 will open it up to 12920. Will it happen today, we will see
It still has chance to gain back above 13680
13530 is the line in the sand today
Macro : DE HICP, US CPI
Buy
Break: 13550, 13630, 13685, 13740
Reversal: 13450, 13390, 13350, 13280, 13220
Sell
Break: 13460, 13400, 13370, 13300
Reversal: 13645, 13690, 13750, 13810, 13840
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis and trade setups on DAX Ger30 20220809Happy Tuesday
Macro: US Nonfarm Productivity, Unit Labor Costs
DAX not being able to hold 13680 and reach for 13780 is very ominous
The consolidation continues with no direction yet.
Line in the sand today is 13660
Buy
Break: 13640, 13760, 13840, 13860
Reversal: 13640, 13450, 13390, 13325, 13200
Sell
Break: 13650, 13550, 13460, 13400
Reversal: 13775, 13840, 13875, 13930, 13975
Green Goblin levels are here >>>
Confluence chart is here >>>
Daily analysis and trade setups on DAX Ger30 20220808Happy New Week, Happy Monday,
Nothing significant on economic calendar today. With academic vacation & summer in full swing, markets may range unless some geopolitical development happens.
DAX is likely to 13580 & 13770. Breaking of those H or L will bring some movements.
Today's line in the sand is 13620.
Buy
Break: 13680, 13750, 13820
Reversal: 13575, 13540, 13470, 13410, 13330
Sell
Break: 13610, 13585, 13550, 13480, 13420
Reversal: 13700, 13770, 13830, 13900, 13975
Green Goblin levels are here >>
Confluence levels are here >>
Daily analysis and trade setups on DAX Ger30 202200805Happy Friday, Happy NFP Day,
Macro : US NFP
DAX's line in the sand today is 13600 - yesterday's low. Bulls need to defend that and close above 13670.
Buy
Break: 13690, 13725, 13770
Reversal: 13600, 13570, 13500, 13450, 13390
Sell
Break: 13620, 13560, 13490
Reversal: 13680, 13720, 13750, 13850, 13930
Green Goblin levels are here >>>
Confluence Fib levels are here >>>
Daily analysis and trade setups on DAX Ger30 20220804Happy Thursday & Happy BOE day
Dax bulls are eyeing 13925 now but they will need to defend 13450. Near & below that level, things may change.
Macro: EUR Economic Bulletin, ECB Elderson Speech, GB BOE (everything), US Trade Balance, Jobless Claims, Fed's Mester Speech
Our pivotal level today is at 13600.
Buy
Break: 13670, 13725, 13760, 13820
Reversal: 13580, 13530, 13480, 13440, 13410, 13360
Sell
Break: 13580, 13550, 13490, 13450
Reversal: 13700, 13760, 13800, 13860 13920
Green Goblin levels are here >>>
Confluence chart is here >>>
Daily analysis and trade setups on DAX Ger30 20220803Happy Midweek.
The Gandalf line for DAX is currently at 13300. Bulls are in-charge but still very fragile. Today's macro can break them.
It has always been my experience that when price action approaches Big Brown levels, it gets into consolidation because it is decision time. Currently that level is 13440 (B)
Macro: DE - Trade Balance, BME PMI, EUR - PMI, Retail Sales***, US - PMI, Factory Orders, Services Employment Index, New Orders, PMI***, Prices Paid
Today's pivotal level is at 13415. Buy above. Sell overbought above. Sell below. Buy oversold below
Buy
Break: 13490. 13535, 13600
Reversal: 13415, 13370, 13300, 13260, 13200
Sell
Break: 13420, 13375, 13310, 13260
Reversal: 13490, 13540, 13600, 13695
Green Goblin levels are here >>>
TIFibs confluence levels are here >>>
Daily analysis and trade setups on DAX Ger30 20220802*** Tradingview has hidden my analysis for August 1, 2022 because it contained a link to my twitter profile. ***
This is likely to be relatively quiet day unless some news appears. Practically entire Europe is now in vacation mode. Volumes are very thin and hence ticks can be jumpy.
DAX is on a retracement journey. So potential retracement levels are 13350, 13290, 13230 & 13140
If it breaks above 13450 and shows the momentum then next potential levels are 13580, 13690, 13780 and 13840
Macro: US Fed Evans Speech
Today's pivotal level is 13400. It remains bullish on the day above that and bearish below
Buy
Break: 13440, 13495, 13530, 13570, 13610
Reversal: 13340, 13260, 13200, 13170
Sell
Break: 13390, 13320, 13250
Reversal: 13500, 13610, 13720
Green goblin chart is here >>>
Confluence chart is here >>>
Daily analysis and trade setups on DAX Ger30 20220801Happy Monday, Happy August
Dax now has to establish above 13580 to be completely bullish. The trend is definitely up and anybody can see that.
I will publish monthly analysis separately but current move looks like a pullback on overall downtrend. If that is true then a continuation in monthly trend towards downside could be very gib. Alternatively, it can stay within the 13k to 14k range and give us some good day trading opportunities.
Today's pivotal level is 13390. It remains bullish on the day above that and bearish below
Buy
Break: 13470, 13540, 13590, 13680
Reversal: 13390, 13340, 13320, 13250, 13190, 13100
Sell
Break: 13440, 13410, 13340, 13300,
Reversal: 13550, 13610, 13680, 13840, 13960
Green goblin chart is here >>>
Confluence chart is here >>>
Daily analysis and trade setups on DAX Ger30 20220729Happy Friday and Happy Last Trading Day of the Month
DAX range has compressed so it is making multiple levels of support and resistance. We simply have to deal with it until it makes up its mind and moves
The bias is turning bullish by the day but the drop is going to be significant. So always be careful. " Trust the trend but verify " in force
Macro: EUR Unemployment, GDP, HICP, US PCE, PI + PS, Chicago PMI & Michigan CSI
Mostly directional scalp trades still
Buy
Break: 13440, 13520
Reversal: 13300, 13260, 13220, 13170, 13100
Sell
Break: 13350, 13270, 13220
Reversal: 13450, 13500, 13600, 13690
Chart with Fib Levels here >>>
Chart with TIFib Confluence Levels here >>>
Daily analysis and trade setups on DAX Ger30 20220728Happy GDP Day
DAX has been in a bit of consolidation since 19th July. A strong news can break it out of that range. Current outlook is turning bullish but I would remain careful.
A break above 13380 will set strong bullish direction if it continues after that
Bears have hard work in front of them to break 13070, 13000 & 12810
Macro: EUR business climate, consumer confidence, HICP, US GDP, Jobless Claims
Mostly scalp trades unless a strong directional move comes
Buy
Break: 12270, 13350, 13450
Reversal: 13140, 13080, 12990, 12920
Sell
Break: 13200, 13100, 12990
Reversal: 13270, 13350, 13450, 13600
Chart with Fib levels >>>
Chart with Green Goblins >>>
Chart with confluence levels >>>
Daily analysis and trade setups on DAX Ger30 20220727First of all, Happy Volatility Day
DAX/GER30 is still playing around Chop Zone but everything changes (perhaps) at 13:30 UK / 14:30 EU / 8:30 NY
Blue zones B, C and brown mega zone B are in play. Break above Brown Zone B will change the course of the market
Buy
Break: 13270, 13350, 13440, 13600
Reversal: 12990, 12910, 12830, 12750, 12670, 12630
Sell
Break: 13100, 12920, 12830, 12750, 12925
Reversal: 12340, 13440, 13590, 13840
Only zone chart is here >>>
For more precise levels, here is the Green Goblins chart >>
Confluence chart is here >>
Daily analysis and trade setups on DAX Ger30 20220725Dax is at a pivotal point. Brown Zone B is in strong play. I think it will go where the US markets go. Wednesday's FOMC will keep markets in a tight range.
Macro movers: Germany business climate index
For immediate direction, as far as it remains above 13100, it is in bullish zone.
Blue zones C and B are also in play.
Buy
Breaks: 13225, 13270, 13350,
Reversals: 13100, 12990, 12900, 12830, 12750, 12670, 12620
Sell
Breaks: 13080,12970, 12920, 12850
Reversals: 13370, 13440, 13480, 13550, 13600
For more precise levels, here is the Green Goblins chart >>
www.tradingview.com
Confluence levels are here >>
Daily analysis and trade setups on DAX Ger30 20220722DAX is likely to consolidate today. However, PMI data might change that and make it directional
Blue zones B, C and mega zone Brown B are in play today.
Break below 13100 can drop DAX to 12800 and below
Break above 13300 can take DAX to 13600 and above
Buy
Breaks: 13220, 13270, 13350, 13450
Reversals: 13050, 12960, 12900, 12820, 12700
Sell
Breaks: 13160, 13100, 12990, 12925. 12825
Reversals: 13270, 13380, 13475, 13630
Chart with Green Goblin levels >>>
Daily analysis and trade setups on DAX Ger30 20220721Mega zone Brown B is in play today
Price action may remain in a tight range around 13300 till ECB decision at 12:15
Outlook still remains cautious bullish with Gandalf Line at 13600
Buy levels:
Reversals >> 13200, 13050, 12970, 12920
B/O >> 13300, 13460, 13600
Sell levels
Reversals >> 13850, 13600, 13470, 13300
B/O >> 13190, 13040, 12930
Detailed Chart >>
DE30 27th JUNE 2022Market sentiment shifted to a more negative setting amid fears over surging inflation and slowing economic growth.
Faced with challenges such as increasing material and energy costs, industrial companies in Europe continue to struggle with restricted revenues and operational challenges.
DE30 18th MAY 2022Since September 20, 2021, the Frankfurt Stock Exchange has officially expanded the components of the DAX 30 index to 40 shares or the DAX 40 index. Of the 40 stocks of selected large companies that are components of the DAX 40 index, as many as 15 stocks made a profit, while 24 stocks suffered losses and one stock traded unchanged. The European Central Bank will be in the spotlight when policymakers meet to decide on a monetary policy path against a backdrop of record-high inflation and fears of a war-induced recession. As it goes, the ECB plans to end its emergency bond purchases at some point in the third quarter. We can see that technically the price is very volatile. we can take advantage of this opportunity to place orders based on chart pattern analysis
DE30 9th MAY 2022
DE30 5th MAY 2022
DE30 19th MAY 2022