Bullish technical conditions Looking ahead - ECB interest rate decision tomorrow
Tomorrow: 12:15 GMT European Central Bank (ECB) meeting takes place where a +0.75% (75 basis point) increase is expected
Market movers:
German DAX testing resistance opening up the potential for a further upside advance?
DAX Index: Bullish technical conditions in the very short-term following the reversal from the 11,829 low, the reversal signals the index may have entered a “corrective” cycle and if proven true places 13,144 at key resistance and 13,721 as prospective upside targets for longs with stops at 12,893.
Not investment advice. Past performance is not indicative of future results.
Germany30
ger30 done for reverswe have triangle on reversal pos . revers will take 4 high . 3 of them had done . we have order on block order near 13100. lets watch results.
Dax40 - Short setting on goingPotental and final 5° wave Elliott is still ongoing.
Attention about possibilities for an UP before go down with a false break of resistance area
DAX Weekly Volatility Forecast 17-21 October 2022 DAX Weekly Volatility Forecast 17-21 October 2022
We can see that currently the volatility is around 4.14%, falling from 4.33% of the last week.
At the same time, its currently place on the 85th percentile based on the ATR calculations.
With this in mind, around this percentile, we can expect an average weekly movement from the open price of the candle of:
In case of a Bullish movement : 1.8%
In case of a Bearish movement : 2.5%
With the current volatility point, we have a 18.2% probability that the end of the weekly candle is going close either above of below the next channel:
TOP : 13000
BOT : 11930
At the same time, there is currently a 73% probability that we can touch the previous high of the weekly candle 12700
And there is a 27% probability that we can touch the previous low of the weekly candle of 12000
Lastly, currently the rating from the moving average is around -80% indicating a very bearish trend(and we can confirm this since november 2021)
Joe Gun2Head Trade - More pain for DAX?Trade Idea: Selling DAX
Reasoning: More pain on the German Index? Approaching month end, could we see a fresh flurry of selling?
Entry Level: 11980
Take Profit Level: 11332
Stop Loss: 12201
Risk/Reward: 2.9:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Europe&Japan to perform better than USA from now on, 1-GermanyComparision of "DAX in USD dollars" to "SPX".
I am publishing the same for all (please see my other analysis): Germany, UK, France, Italy, Japan...
I ignore all the fundamentals and just make technical analysis. Fall of EUR&GBP&JPY and their stock market's negative divergence compared to USA (SPX) is about to end, I believe.
Important: This doesn't mean that the equities&indices are going to rise from now on. My analysis only says: Europe&Japan will perform better than USA. Just because they are very cheap.
GER40 Buy a break of recent high.GER40 - Intraday expiry 9PM UK - We look to Buy a break of 12353 (stop at 12269)
We are trading at oversold extremes.
A break of the recent high at 12350 should result in a further move higher.
A higher correction is expected.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 12558 and 12598
Resistance: 12200 / 12350 / 12500
Support: 12100 / 12000 / 11900
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Joe Gun2Head Trade - Buying DAX - Highly sepculativeTrade Idea: Buying DAX
Reasoning: Highly speculative buy trade into major support
Entry Level: 12448.5
Take Profit Level: 12920
Stop Loss: 12344.5
Risk/Reward: 4.54:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Germany 30Germany30 overview of what its going to do in the coming future. just waiting for the third touch so we can all buy germany 30.
Joe Gun2Head Trade - Selling the top of the range on DAX Trade Idea: Selling DAX
Reasoning: Selling the top of the short term range on DAX.
Entry Level: 12905
Take Profit Level: 12594
Stop Loss: 13012
Risk/Reward: 2.72:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
The TRUMP Inflection LineUS markets are closed today so I thought I would slide on over to the German index and give it the 1.618 treatment.
I was not disappointed.
The 1.618 is the hallmark retracement of my favourite pattern, the Head and Shoulders.
Why?
Because it’s usually the most accurate of all reversal patterns both bullish and bearish.
These particular 1.61.8 retracements are special interest to me because of the line in the sand that was drawn by the US president Donald Trump back in 2018.
This marked a series of retracements from head and shoulder structures that are still playing out today.
To start, I’ll go back to the 2018 UN meeting where President Trump warned Germany and UN leaders that they are becoming dependant on Russia for energy.
Enter the first 1.618 bear Head and shoulder
The bottom of 2018/2019 bear market also left a 1.618 retracement via a bullish H&S pattern with a key support level you see the 2022 markets as a major resistance level.
In this retracement we see Trump was back at UN right at the test of the neckline which began the retracement to the 2018 bottom.
Notice how the target for the 1.618 was reached at the same line that Russia invaded Ukraine. 🤔
Moving along.
A less significant, but still relevant 1.618 played out in the shoulder that marked the first gap down of the covid crash in 2020 and connects with other smaller 1.618. and who’s neckline also marks the 50% retracement of the 2020-21 bull market rally.
It also marks Trumps 2nd speech at UN and the Ukraine Documents.
Next Exhibit Please!
Now, even Covid bottom is now undressing its role in the 1.618 retracements with an inverted head and shoulder that marks the bottom of the covid recession.
And again we see the significant strong resistance and ultimately the top of the 1.618 retracements.
Zooming in, we see the other shoulder of the covid Inv H&S was a 1.618 retracement as governments scrambled to deal with covid, russia aggression and looming supply chain issues and energy problems.
Now is when things start to correlate with the other 1.618 retracements.
A top in global markets is formed with a rather volatile h&S at the top, but plays through exactly as Russia Invades Ukraine and is also the 2018 Bottoms 1.618!
And Finally the Inverse H&S forming now that I present in this idea.
From a macro perspective I don’t see this last inverted H&S validating. This setup would require positive news from US markets on inflation and to complete would mean an end to Russian aggression or sanctions on oil and gas and advert a humanitarian disaster this winter.
Failure to validate this head and shoulders would lead the economy deeper into a recession and become just a shoulder for the next inverse 1.618.
If it invalidates, then see S&P 500 1337 MAGA STRUCTURE that will instead follow through.
Thanks for Reading. Please boost if you enjoy the article and follow @SPYvsGME for more market perspective from the >>GRID<<
Joe Gun2Head Trade - Rout to continue?Trade Idea: Selling DAX
Reasoning: Global indices underpressure
Entry Level: 12673
Take Profit Level: 12396
Stop Loss: 12787
Risk/Reward: 2.43:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
DAX weekly chart say cash to 11111 possible !technicaly we have fibo 61% in 11.111 ...if low break this can happend ,,,a gift from stupid Biden and Powel
be careful .dont hurry up , here patience too much is secret of big winning(lin long term)
if you have open buy you ,ust put SL or hedge sellstop in
good luck .hope mr TRUMP back
Joe Gun2Head Trade - DAX to continue lower?Trade Idea: Selling DAX
Reasoning: Continuation lower
Entry Level: 13224
Take Profit Level: 13032
Stop Loss: 13302
Risk/Reward: 2.49:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Daily analysis & day trading setups on DAX DE30EUR 20220819Happy Friday, Happy Janmashtami,
After Wednesday's big move, yesterday was an inside bar. So 13600 becomes line in the sand.
Bears want to regain control <13600 & bulls want to go back >13740
Macro No news is good news ?!
Buy
Break: 13 660, 780, 815
Reversal: 13 580, 530, 450, 370
Sell
Break: 13 585, 535, 460
Reversal: 13 670, 745, 820, 870
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
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 >>>
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 >>>