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Ger40

2024-12-02 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral for now. Bullish targets are met with 20k and I will scalp long we have a clear setup but not chasing anything Too early for shorts, best to not mess up your year this late. comment : After many months of writing about the most outrageous target for the dax, we finally did it. What a time to be alive. Don’t look to be the first bear. Can go higher obviously but I won’t chase anything here. My bullish targets are met, I don’t care about any more upside other than small scalps. Will wait for bigger bears to come around and will watch closely when bulls begin to take bigger profits. current market cycle: bull trend but very late and will end soon key levels: 19500 - 20000 bull case: Got nothing more for you. Market’s tend to move from trend to trading range instead of trend in the other direction. So we could spend some more time up here. Invalidation is below 19700. bear case: Yeah… Also got nothing for you until bears can get a daily close below 19700 again. We most likely spend more time 19800 - 20100 before another impulse. Invalidation is above 20100. short term: Neutral. We can go higher but I don’t expect much tbh. 19800 - 20100 is my current range. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: Longs only. My weekly outlook was pitch perfect and good for 300+ points. Bar 27 to 39 were more than enough signal bars to go long. 40 was really give up bar by the bears and market just went straight up.
EUREX:FDXSZ2024
by priceactiontds
Few like European equity, but they should - GER40 to new highs Few like investing in Europe at present, and while France remains constrained by political risk, the German equity index (GER40) is doing everything right from a technical and price action perspective, and positioning for further upside seems the play. Having held the 19k support level throughout November, the bulls have built a solid platform to progress, taking the index through downtrend resistance & backed by solid range expansion and the index closing on weekly highs. The ATHs are now being tested, subsequently, a closing break through 19.679 would encourage momentum accounts to chase the upside as we roll into the ECB meeting (12 Dec) and year-end. A daily close below the 5-day EMA would be a signal to turn cautious, flipping to outright shorts on a closing break of 19k. But for now, long and strong seems the higher probability position. Good luck to all.
PEPPERSTONE:GER40Long
by Pepperstone
#202448 - priceactiontds - weekly update - dax Good Evening and I hope you are well. tl;dr dax xetra: Max bullish. Clear break above and dax printed 19600 again. New ath next week is likely just a matter of when. Targets above are 20000, That’s it. For bears it’s anything below 19130 but that is far away and very low probability. If November closes above 19600, I think 20k is almost a given. After that I will not care about bullish targets any more until we corrected at least 30%. Does not mean I won’t continue scalping it both ways. Quote from last week: comment: Thursday and Friday changed the character of the market. Bulls broke above the bear trend line and closed both days at the highs. Next target is the last bear trend line around 19430 before we can retest 19600+. Can only be bullish after past 2 days. Bears can only change my mind if they can close below 19100 again. For now I think many bears gave up and try again around 19500/19600. Is this structure very bullish? Absolutely not. I just think a retest of 19600+ is more likely than a close below 19100. The market spend enough time ins this trading range that the next push above could be the last before we correct in a bigger fashion. After this push up, I would not look for bullish targets until we have seen 18000. Market is overdue for a correction. We will see at least 16000 in 2025. comment : Late bull breakout during the week like the week before that. Another clear buying signal going into next week. There is not much to add from my tl;dr. Both of my upper bull trend lines run through 20k and I have multiple measured move targets there. More than enough reasons to be bullish and look for longs. Bears can do almost nothing to change my mind, unless we see on giant bear bar closing below 19100 on Monday. current market cycle: trading range but if we make higher highs, we are obviously in a continuation of the bull trend. key levels: 19100 - 20000 bull case: Bulls want 20000. Clear as day, as is the breakout. My chart is clear and my invalidation levels are too. Invalidation is a daily close below 19100. bear case: Not much for the bears until they close below 19100 again. Did not change that sentence since past Sunday. Bears will dominate 2025 but now is not the time to be early as a bear. Invalidation is above 20100. outlook last week: short term: Very bullish above 19400 and even more above 19600. Below 19100 we are absolutely neutral once again. Hell below 18800. → Last Sunday we traded 19322 and now we are at 19626. 300 points on the week, hope you made some. short term : Max bullish for 20k. Can we chop some before we get there? Sure but I don’t think bears can get this below 19300 again before we hit 20k. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all for now. The current push is most likely the last of it. Bears will come back soon. current swing trade: None chart update: Highlighted bull trend lines and my 5-wave series is still valid.
XETR:DAXLong
by priceactiontds
2024-11-27 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax xetra - 19300 was crushed early and we tested 19200 and given yesterday. Market tried to reverse it but failed below the breakout point. That’s bearish on one hand but we closed above the daily and 1h 20ema. Bulls need 19500 and bears 19100. We are trading right in the middle of it and that zone is death for your account. Wait for a strong breakout. It will likely happen tomorrow. comment: Market hit the midpoint of this trading range and went back above 19300. We are in no mans land between 19200 and 19400. Bearish below, bullish above. Break above 19350 tomorrow and we will see 19400 and likely 19460 afterwards. Fail at 19200 and we go down to 19000. Absolute in balance is what this is, so no bias on my end. current market cycle: trading range key levels: 19200 - 19400 bull case: Bulls need a 1h close above 19350 for higher prices. That’s all there is to it right now. Invalidation is below 19250. bear case: Bears want to stay inside the bear channel and test 19200 again. We are seeing many converging lines for tomorrow, so it’s reasonable to hope for a bigger trend day tomorrow. Invalidation is above 19350. short term: Neutral. Clear levels given, hoping for a big day tomorrow. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Short from the open, which was a bit unexpected imo. Market then formed clear and expected support at 19200, which was a good long for 200+ points.
EUREX:FDXSZ2024
by priceactiontds
2024-11-25 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax xetra- Bullish. Globex opened with a big gap up and bears closed it but could not close the gap to Friday’s closing price. This is bullish confirmation and bulls will now poke the bear trend line until it breaks. Bears would need a 1h close below 19300 to make me question this move. Bear trend line held, which is why we are forming nested triangles. Expect more sideways movement until bulls break above 19500 with force. Afterwards 19600 will come fast and then we retest the ath. comment: Doji on the daily chart but bulls confirmed the breakout. Not much to add after my tl;dr and my weekly outlook. current market cycle: trading range key levels: 19000 - 20000 bull case: Bulls need to keep it above 19300 and poke the bear trend line until it breaks. Next target is 1h close above 19500, followed by 19600/19650. Invalidation is below 19300. bear case: Bears could not close the gap to 19357, which shows weakness. If they get it tomorrow, we will test the next bull trend line around 19250 and bulls better pray that holds or it 19100 or lower again. 1h close above 19500 and most bears will give up until 19600. Not more magic to it. Invalidation is above 19500 (need 1h close above, not another spike and reversal). short term: Bullish for the breakout above 19500 but for now it’s a clear trading range 19350 - 19500, so buy low, sell high and scalp until we clearly go higher. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Selling 19500 was the easiest. Other than that it was a limit order market for small scalps at best.
EUREX:FDXSZ2024Long
by priceactiontds
2024-11-20 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral. More sideways, all given levels still valid and another disappointing day for the bulls. Also a perfect doji when US closed. If you missed my weekly and the update from yesterday, catch up on those. Otherwise move on. comment: Neutral market around 19150. No deeper meaning until we see the next big move which also closes at the lows or highs. Range and pattern is getting too tight and we will likely see the big move tomorrow or Friday. current market cycle: trading range key levels: 18800 - 19360 bull case: No side has an advantage here. Midpoint of the weekly range is 19114 and market closed us session at 19143. Above 19300 we likely go to 19359 and if we break above that, we go much much higher. Invalidation is below 18869. bear case: Bears did not dip below 19000 which was good for the bulls but still a daily doji, so no deeper meaning. Bears want a daily close below 19000 bad. If they get it, chances are high that this bull trend is over and we will see much lower prices. Until then, play the range and don’t swing for the fences. Invalidation is above 19350. short term : Neutral. Max bullish above 19360 and max bearish below 18860. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Market made only lower highs since bar 33 and selling it was ok on bar 42 or latest 55. Reasons to exit was bar 59 if bar 60 would have traded above it but it did not so bar 61 was a decent bull bar and 62 good follow through, had to get out of longs there latest. Could you also go long then? I would not. Too big of a risk that 15m 20ema is resistance and market is trying to test breakout price from bar 48, which it could not even get up to. I also think buying the double bottom 75 + 77 was ok.
EUREX:FDXSZ2024
by priceactiontds
GER40 - Our View for the Next 5 Years ( Weekly) Hello Folks This is my personal roadmap for tracking GER40 over the next five years, revisiting it month by month to see how things evolve. Right now, I’m expecting a short-term pullback, but only for a brief period. If the market hits 20K early, it might need to take a breather before aligning with the right cycle timing. However, my focus remains clear: I’m only looking for long opportunities in the bigger picture. The larger structure is bullish, and any short-term corrections are just part of the process before the next major move upward. It’s all about timing and staying patient as the market reveals its hand. Let’s see how this plays out in the months ahead
FOREXCOM:GER40
by QuantumFusion
2024-11-19 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral. Lower lows and lower highs but a nasty reversal from 18869. The buying was strong but still not good enough for the bulls to take control again. Bears are showing decent selling pressure but getting nowhere. I do think market wants to test higher tomorrow. 19250 is the first target, followed by 19300 and 19350. If 19200 turned resistance and bulls show weakness again, bears might do a real one and get to 18500. There is absolutely no more support until 18500 for the bulls. comment: tl;dr covered most of it. We closed in the middle of the current range, which is as neutral as it gets. I still favor the bulls but I was also wrong about the two previous sell offs and new lows, so maybe take my bias lightly. Market is in balance around 19150 and we have clear support and resistance for a week, despite the marginally lower lows. 18900 - 19330 is the range, play it until we have a 1h close above or below. current market cycle: trading range key levels: 18800 - 19700 bull case: Bulls need some follow through badly. 19250 and then 19300. If they break above 19360 tomorrow, we print 300 points higher. Invalidation is below 19100. bear case: Below 19100 bears take control again and I think the market can only do one thing so many times until one side gives up big time. If bears manage to print another low below 18869, we go down hard to 18500 or lower. Bears want to keep this below 19200. Invalidation is above 19350. short term: Neutral. Max bullish above 19360 and max bearish below 18860. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Shorting the open due to news was amazing. Also buying 18900. Both trades were mostly momentum based but we also had a quadruple top to sell and a double bottom to buy. Hope you took at least one of them.
EUREX:FDXSZ2024
by priceactiontds
2024-11-14 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - 19300 was the first target and bulls could not get above, since overall markets were very weak today. 19600 is still my target for tomorrow, if we stay above 19200. If US bulls do not want to reverse hard tomorrow and we have an overall weak market again, dax will likely close the week around 19100 or below. comment : Bulls listened and we got the huge reversal up. Measured move up target is 19600 and then there is no reason why we can’t make a new ath. Tomorrow is Friday and Opex, so we will likely see a huge move. Bias is still full bull, 1h 20ema should be support. Below 19200 bears will likely take control again and we can close the week below 19100 or around 19000, which would be bearish going into next week. current market cycle: trading range key levels: 18900 - 19700 bull case: Said the most in my comment. Watch if market holds it above the 1h ema and 19250ish. Also keep an eye on the other big indexes, if they are all weak again tomorrow, dax will likely not close the week above 19300. Invalidation is below 19200. bear case: Bears gave up early today, which was expected after today’s strong reversal from 18905. Will bears fight this at 19300? I can only see this happening if most markets are weak tomorrow. The leg up was very strong to expect a second one and the measured move up is 19600. Bears can not hold short if this goes above 19400 and the buying will accelerate then. Invalidation is above 19400. short term: Bull if we stay above 19200/19250 or 1h 20ema - target 19600 or higher. If all markets are weak, we could close the week below 19000 but I can’t see this for now. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: I gave the long yesterday and it was good for 200+ points. Hope you made some.
EUREX:FDXSZ2024Long
by priceactiontds
2024-11-13 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Bullish. 95 points below huge support is something. I banged my head against that wall today. Still think the bullish read is good, since market reversed for 200 points from the lows. Bear trend line needs to be broken and then we will likely see 19600 tomorrow or Friday. Below 18900 we flush down to 18500. There is no more support for the bulls and they either get a huge reversal day tomorrow or we will crash down and likely won’t trade above 19000 for a long time. comment: Market had it’s spike below 19000 and is now free to squeeze late bears. First target is 19300 and I think we can print 19600 this week. If it drops below 18980 again, I am wrong and we are most likely on our way to 18500, followed by 18300. Tomorrow is bulls last chance to keep it at the highs or the head & shoulders triggers and measured move down is 18300ish. current market cycle: trading range key levels: 18900 - 19700 bull case: Bulls need a break above the bear trend line and are then free to melt up and squeeze late bears. I don’t think they can let the market dip below 19000 again or they risk a flush down. Confirmation for the bulls is above 19200. Invalidation is below 18900. bear case: Bears outdid themselves with a 95 dip below huge support. They want to stay inside the nested bear wedges and continue down. They should keep it below 19130 or the market turns neutral again. Invalidation is above 19200. short term: Last try to be a bull. Stop is 18900 but I will only go long if I see big buying pressure tomorrow. Below 18900 this bull show is over. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Selling anywhere near the 1h 20ema was amazing. Again.
EUREX:FDXSZ2024Long
by priceactiontds
GER40/DE40 "Germany 40 Index" Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist GER40/DE40 "Germany 40 Index" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry 👇 📉: Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point. Stop Loss 🛑: Recent Swing High using 3h timeframe Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. 💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
PEPPERSTONE:GER40Short
by Thief_Trader
DAX/GER30-40 - ALL THE WAY FOR RECOVERYTeam, it has been a while since we are trading this. Yesterday we did not post, we tried, but hit stop loss then later I got all the money back as I expect the target hit. but we were using very tight stop loss, no room for movement Today we are entering between 19050-19060 with STOP LOSS at 19035 Target 1 - 19086-95 Target 2 - 19126-335 Target 3 - 19211-19230 Please NOTE: once the price hit the 1st target, bring STOP LOSS TO BE. REMEMBER to take partial profit.
PEPPERSTONE:GER40Long
by ActiveTraderRoom
2024-11-12 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Bullish. Any long near 19000 is a very good trade until we clearly break below 19000. Market is in a clear trading range 19000 - 19648. Maybe bears will retest 19000 tomorrow but it could also just continue to move up from US close. Only a daily close below 19000 would change things. BTFD. comment: Daily chart continues to show alternating bull/bear bars and getting bearish around 19000 can only go wrong. If bears manage to continue below 19000 and close there, that would certainly change things big time but for now it’s a clear range, so play it. current market cycle: trading range key levels: 19000 - 19700 bull case: Bulls need to trap late bears and a bull trend during the asian session would help big time. Targets above are 1h 20ema at 19240 and then trying to break above the bear trend line. 50% retracement is around 19300 and this is the magnet we are oscillating around. Any long near 19000 is reasonable. Weekly 20ema for futures is 19100 and market could not close below it. Weekly on xetra is 18850, can we get there? Possible but for now I don’t think it’s more likely than a reversal up. Invalidation is below 19000 (maybe give it 30-50 points of room). bear case: Bears have going for them that they keep it below 19600 and the rejections are strong. On the weekly chart we now have made lower lows for 4 consecutive weeks but what do the bears accomplish? Bulls buy every dip and despite 4 bear weeks, we have gone nowhere. Until bears trap bulls with big selling below 19000, this will not change and we continue sideways. Bears need to keep this below 19250 to keep the momentum going. Above 19250 I heavily favor the bulls for 19300 and ignore the bear trend line and just move higher again. Invalidation is above 19300. short term: Bullish as long as we stay above 19000. Target above is 19600 and 20000 if bulls get freaky again. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Selling anywhere near the 1h 20ema was amazing.
EUREX:FDXSZ2024Long
by priceactiontds
DAX to find buyers at current market price?GER40 - 24h expiry Offers ample risk/reward to buy at the market. Posted a Double Bottom formation. Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. The sequence for trading is higher highs and lows. The trend of higher lows is located at 19280. We look to Buy at 19230 (stop at 19110) Our profit targets will be 19530 and 19610 Resistance: 19350 / 19420 / 19567 Support: 19200 / 19100 / 19003 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.
OANDA:DE30EURLong
by OANDA
DAX: The 1D MA50 is holding. Expect rally.DAX is neutral on its 1D technical outlook (RSI = 53.908, MACD = 41.600, ADX = 23.126) as the price has been basically ranging since November 6th. The dominant pattern is still a Channel Up and it has held the 1D MA50 as support on multiple attempts since October 31st, which is a clear technical signal of an upcoming rebound. The last two HH tops were priced on the 1.786 Fibonacci extension and that is our target for this month (TP = 20,150) See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
2024-11-11 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral. Bulls need a strong move above 19600 for higher prices and bears a 1h bar close below 19500. Leaning very slightly bullish because overall market environment. On the daily chart the market is printing alternating bull/bear bars so your guess is as good as mine when this will end. For now it’s best to scalp and fade the extremes. dax futures comment : Slightly bullish bias was right and market just want higher since Globex open. 19600 was rejected as it was last week but at least bulls made higher lows and higher highs again. 19500 is a tough spot for a trade as of now. If bulls can keep it above that price, that would bring much higher prices in play. If we close a 1h bar below, we likely test down to 19350 or lower. current market cycle: trading range key levels: 19000 - 19700 bull case: Bulls had a decent day but inside prior range and they got rejected at previous resistance. Buying above 19500 was not profitable so far and that did not change today. Best for bulls would be to make 19500 support and poke 19620 enough times until bears give up. It’s currently in a week channel upwards or a trending trading range or whatever you want to call it, it does not matter because you trade them the same. Invalidation is below 19000. bear case: Bears need a 1h bar close below 19500 or more bulls will join the buying above 19500. The rejection from 19600 was reasonable strong but in an overall maximum bullish environment, this market will have a hard time going down. If we look at the last 3 bears legs down, they get weaker and I do think many bears will give up, if bulls try to push through 19600 with force. Another way to look at this from the daily tf is that bears prevented the bulls from a daily close above 19500 for 2 weeks now. This can only continue so much until bulls give up. Both sides have reasonable arguments and this is almost always the case in trading ranges. Invalidation is above 19800. short term: Neutral. Bulls need a strong move above 19600 for higher prices and bears a 1h bar close below 19500. Leaning very slightly bullish because overall market environment. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Any long before EU open with stop 19250 was reasonable and then after the move above 19500 it was tough. At that point 19600 was very likely but stop was very far away for a limited upside. The sell off from 19620 down to 19450 was much stronger than I expected.
EUREX:FDXSZ2024
by priceactiontds
GER40 "Germany 40 Index" Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist GER40 "Germany 40 Index" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
FOREXCOM:GER40Short
by Thief_Trader
#202445 - priceactiontds - weekly update - daxGood Evening and I hope you are well. tl;dr dax xetra: Neutral. Choppy week with going nowhere. Market was moving sideways while other markets melted higher. Can’t be anything but neutral, since market is contracting in a tighter range. If I had to guess, I’d say bulls have a slightly higher chance of printing a new ath than bears breaking below 19000, just due to overall market euphoria. If bears break below 19000, measured move down is 18000. Bullish break above 19700 and we go for 20000. Buying below 19200 has been profitable for 2 months and I don’t expect it to fail next week. Quote from last week: comment: Big week for the bears since they broke the bull rally and most recent trend line, which turned the market neutral at previous support. Now comes the most important price action for the coming weeks. If bears get their strong second leg down, we will see 18200 in November, if we go sideways from here, odds drop for the bears and market is probably ranging more at the highs. It would also keep the possibility alive to print 20000 this year. The timing of the selling was in between very good earnings and mediocre outlooks. If we continue down, this would probably mean funds want to secure profits in this year and the selling could accelerate. comment : Bears failed at 19000 which keeps 20000 alive and it’s more likely that we continue sideways than a break to the downside. Above 19600 I would favor the bulls to get it to a new ath and potentially to 20000. Wednesday was the most important day last week and I would join either side above or below that bar. Otherwise there is currently no deeper meaning of this trading range near the ath. current market cycle: trading range key levels: 18900 - 20000 bull case: Bulls failed on Wednesday where they were rejected big time from 19560 for 500 points down. They have been printing higher lows since and now they need a break above 19600 for 19700 and then potentially 20000. As of now the market is in balance around 19300 and the triangle will play out some more. Any long below 19200 has been profitable for a month, so look for longs in that area, until it’s clearly broken. Invalidation is below 19000. bear case: Even with the big reversal on Wednesday, bears do not have much right now. Support is holding and market is spiking up, rather than below. As long as bears can’t print a daily close below 19000, it is useless to look at this from a bearish point of view. Even if bears get below 19000, the weekly 20ema is around 18800, so the downside is probably very limited, while bulls have the big target 800 points higher. Invalidation is above 19700. outlook last week: short term: Bearish for a second leg down, as long as we stay below 19400. → Last Sunday we traded 19254 and now we are at 19215. Monday and Tuesday were nothingburger and Wednesday crossed my invalidation line pretty fast. Wrong outlook anyway. short term: Neutral 19000 - 19700, bullish above for 20000. I do think the triangle could play out some more and I am currently more willing to buy below 19200 than to short 19600. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None chart update: Changed two legged correction into 3 legs down, target is the same for now.
XETR:DAX
by priceactiontds
2024-11-07 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral. Bullish read was perfect and good for 300+ points. Now the air gets thinner again. Above 19500 longs are probably not a good trade since the downside is sub 19100 and upside probably limited to 19700 max. If market holds above the 1h 20ema tomorrow, I’ll try longs but if now, we could see some profit taking again. comment : Hope you took the amazing longs today. Now it’s very tough to be a bull above 19500. We have big rejections from 19500 and 19600 on Wednesday and we have to assume that these prices continue to be resistance. If you want to buy this you would have to risk down to 19080 to make maybe 100 points. Not a good trade. I would rather try to scalp for 10-20 points than coming up with good trades from 19500. I will look for longs near the 30m or 1h 20ema, if they show to be support. No shorts until US starts the selling too. current market cycle: trading range key levels: 18900 - 19700 bull case: Bulls want to retest 19650 and then also the ath at 19802. No reason to not get there because we have multiple measured move targets or patterns that lead there or higher. 20000 is still possible, if we get follow through buying tomorrow. If you are thinking “this can’t go higher, the german economy is a dumpster fire and all news are beyond bad blablabla” I got bad news for you. This has nothing to do with any logical reason to trade near the ath. Everyone who wanted to short this because of logical reasons already has and market is moving where the least resistance is. Call it a pain trade if you will. We have 2 years of negative GDP print and dax is going for 20000. Stop looking for reasons why markets are doing stuff. Senseless waste of time and energy. Invalidation is below 19000. bear case: Bears want to keep 19500-19650 resistance to prevent more bulls to join for 19800 or 20000. I would not look for shorts to be honest. US markets are unstoppable and you would try to short during a euphoric wave. I do think below 19400 more bulls would cover again and we can trade to 19100 again but I would only join them on strong momentum but I still favor the bulls to print 20000 rather than bears selling this down below 19200 again. Invalidation is above 19700. short term: Neutral. Leaning slightly bullish if we just continue higher and we have a clear support with the 30m or 1h 20ema. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: Took most off on 19500, leaving runner for 20000. trade of the day: I called the long and long it was.
EUREX:FDXSZ2024
by priceactiontds
2024-11-06 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - 1 daily bar to almost engulf 2 months of price action. The rejection above 19600 was strong enough to expect that the highs are in but I am not convinced. I highly doubt dax will be flat or lower while wallstreet is doing an early Santa rally on coke. I am much more bullish and expect 19000 to hold. Decent 1h bear bar that closes below 19000 can convince me to turn bear. comment: Tough to ponder what to make of big up on US markets while dax sold off hard to get below 19100 again. I do think 19000 is huge support and bulls are favored but 6 consecutive daily bar closes below the ema is pretty bearish. Will continue to look for longs around 19100 until 19000 is clearly broken and we go down. current market cycle: trading range key levels: 18900 - 19700 bull case: Bulls got above 19600 which was an amazingly fast up move but the sell off was even better. Bulls have still no reason not to buy this around 19100. It has been profitable for a month now and given price action on the other markets, I am having a very hard time to be bearish. Bulls need to get above 19300 for more bears to cover and then they can try to go 19500 or higher again. Most outrageous target of 20000 is still on the table. Invalidation is below 19000. bear case : Bears see the perfect head & shoulders pattern on the daily chart. Also the huge rejection above 19600 and the 6 consecutive closes below the daily ema. Bears have all the arguments on their side to try and break below 19000. Is the current market environment good for them? I don’t know. It’s not that often that major western indices converge that much but let’s see tomorrow. Measured move down brings us to 18300. Make no mistake, I absolutely, 100% expect that price to be hit again this year. This rally is nothing but coke fueled euphoria based on hopes and dreams the next US government will wave a magic wand and fulfill wallstreet’s dreams. Invalidation is above 19700. short term: Bullish as long as 19000 holds. I think we can print 20000 before this corrects big time. Below 19000 I am wrong. medium-long term - Update from 2024-10-19 : 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: If 19000 holds tomorrow, will do a swing long and hope for a homerun to 20000. trade of the day: Wild swings in both directions. Globex was obviously as bullish as it gets but changing to full bear mode on EU open and hold to 19100 was tough.
EUREX:FDXSZ2024Long
by priceactiontds