Dax Long SignalRSI Bullish Divergence, high volume day, i except price to go till 16975, what do you think?Longby Mysticc-Magnificent111
Ger 40in daily timeframe is above 20 moving average, and in 4H time frame the price reached level 50% Fibonacci. trade is long and first target at 17000.Longby sherifmesseha994
DAX about to start its final leg up?What do we got here since the 2022 low? Right PA holding above 4.236 with actually already having triggered final target around 8.236. Recent PA could be seen as a broadening wedge - typical for a wave 4 corrective pattern. --- If you like my content, if it helps you gain profit, give it a like! Thanks! --- Hold my beer pls ---- No financial advice, do your own research, don't be stupidby NastyBeerUpdated 10
DAX Will the 1D Golden Cross pull it back like last time?DAX (DE40) is trading within a 16-month Channel Up and is currently on the second most aggressive bullish leg, about to form the 2nd 1D Golden Cross within that time span. The 1D RSI is above 85.00 touching historically overbought levels while the price is approaching the 1.382 Fibonacci extension from the previous Higher High of the Channel, which is below where the Channel's first bullish leg of October - November 2022 peaked and then, after a 1D Golden Cross formation, pulled back to its middle trend-line and the 1D MA50 (blue trend-line). Despite those bearish indicators, we will sell only after the 1D MACD forms a Bearish Cross, which has been the most consistent sell signal throughout this period of time and target 16500 (Channel's middle). On the other hand, if the index breaks above the 1.382 Fib first, we will buy the break-out and target 18000, which is the top (Higher Highs trend-line) of the Channel Up and +24.20% rise from the bottom (similar to the November 2022 rally). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot11
Ger40 still room on weekly My target is 17600ish on the weekly then I’ll be shorting from there, we may hit some consolidation or possibly a slight move down first but ultimately I’m long till 17600 then I’m flipping, obviously with more analysis when we hit that target , any thoughts let’s hear them maybe I’m completely wrong .by pound-tda111
DAX Pay AttentionWe are ranging high with DAX, and watching on smaller timeframe we can see that short-term trendline got broken. Looking higher, 1HR TF has not been reclaimed yet. We can expect a test of this trendline, a broke, a retest and if all plays out a drop. Will keep updatedShortby SaliJournal11
DAX Elliott Wave Analysis for Wednesday 13/12/2023In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures.05:59by AndyCuckoo4
Shorty MortyMore than try can we not do, Maybe or maybe not. I haven't had a trade in a long time And the development seems very fitting to me for a short ter m short positionShortby ralffritz211
German Stocks Have a CCI Sell signalMy prior post illustrated how using CCI with RSI can signal market turns. Currently the Germany 30 has a CCI bearish divergence with a very overbought RSI reading. A down turn in this index could be happening soon!Shortby markrivest118
SHORT DAXThis move feels very exhausted, i anticipate a top soon. Will add the the position as and if it goes higherShortby AssimMahmoodUpdated 161610
Spicy trade on a longMore than try can we not do, Maybe or maybe not. I haven't had a trade in a long time And the development seems very fitting to me for a short ter m Long positionLongby ralffritz21111
DAX continues to break into new all time highs.GER40 - 24h expiry Price action resulted in a new all-time high at 16823. There is no indication that the rally is coming to an end. Yesterday's Marabuzo is located at 16715. Preferred trade is to buy on dips. Our outlook is bullish. We look to Buy at 16715 (stop at 16615) Our profit targets will be 16965 and 17025 Resistance: 16823 / 16900 / 17000 Support: 16767 / 16700 / 16650 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. Longby OANDA3
GER30We are looking for buying opportunities as we are inside a bullish rising expanding wedge resulting in buysGLongby officialpotego_fx1
GER 40 TECHNICAL ANALYSIS 11/12/2023-15/12/2023The Index is currently trading in an uptrend parallel channel, and momentum also indicate that the bulls are still in control of the market, so the interesting thing is are we going to see a pullback to level around 16500.00 level for us to get into the trade or the index will still go up. A deep pullback to around 16000.00 will still provide good entry levels for one to get into the trade, Will wait and see what is going to happen. Gby juniormoseki11
GER30 - Bullish ChannelWhat goes up must come down eventually. There is a Divergence in the MACD indicator implying a slowing of price momentum but these can continue for a extended period in the case of strong trends. Patience is always rewarded in trading so wait for confirmation of a reversal before fighting against the Bullish TrendGby fugutrader3
DAX Elliott Wave Analysis for Monday 11/12/2023 (+ HTF)In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. 15:50by AndyCuckoo115
DAX broke the key Horizontal level of 16,416 And the index is trDAX broke the key Horizontal level of 16,416 And the index is trading in an Uptrend so I am bullish biased And I think we will see Some further growth Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby Double_RR3
DAX Will Grow! Buy! Hello,Traders! DAX broke the key Horizontal level of 16,416 And the index is trading in an Uptrend so I am bullish biased And I think we will see Some further growth Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals118
DAX Elliott Wave Analysis for Friday 08/12/2023In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The lower time frame is currently hard to interpret. The 4h and 1h are showing divergence which indicates an ending structure. The 15m gives us a strong move which might indicate another upward cycle.08:23by AndyCuckoo2
Market Profile (TPO)Key level to use on a market profile (TPO). Same levels can be used across daily, weekly, monthly profilesEducationby ElGore181
DAX CEEPS CLIMING AMONG UNIMPRESSIVE ECONOMIC DATA European stock markets rallied today amid indications that major central banks might have concluded their tightening cycle. The DAX index in Germany edged up by 0.1%, fueled by growing investor optimism about the European Central Bank's pause on interest rate hikes despite bleak economic data. The Eurozone faces a potential recession in the last quarter of the year, with German factory orders plummeting by 3.7% in October. As consumers grapple with high interest rates and prices, European retail sales are expected to rise marginally by 0.2% on the month, showing an annual drop of 1.1%. ECB's Isabel Schnabel's comments hint at a halt to rate hikes, triggering a decline in the euro against the dollar. Speculation on impending rate cuts has propelled the DAX to record highs. The uncertain market awaits the Fed's meeting next week and the ECB's final rate decision, crucial factors in determining the EUR/USD's next move. For now, a dovish Fed or an upturn in European data could signal a potential turnaround for EUR/USD bulls. On the technical side, MACD is still showing Buy signals, while RSI is deep into overbought territory. If the price continues to climb, it might reach levels of 16880, but if it drops, it might fall to the support level of 16277. As a pivot point might be considered 16493 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses. by legacyFXofficial1
DAX's new All Time High sends a message to indices globallyDAX hit a new All Time High level, leading world stock indices on this rally and sending a clear message to markets globally: This rally has only just started. As you see on this 1M (monthly) time-frame, with the obvious exception of the COVID crash anomaly (Black Swan event), the index has been trading within a very stable Channel Up pattern since the start of the 2008 crisis. The 1M MA200 (orange trend-line) has been the absolute Support during this time, holding even during the COVID market crash. The recent November rally after October's bottom on a 3 month straight decline, is completing a very rare but powerful bullish signal that has only happened another 3 times during this 16-year pattern (5 if we count smaller occasions). As you can see, every time the index broke above a dashed Lower Highs trend-line of a correction wave, it then pulled-back to test it and after it held, it initiated a strong and lengthy rally. There have been two major Highs on this Channel Up pattern, and those are displayed perfectly on the Sine Waves peaks (April 2015, January 2022). Both have been exactly on the 2.0 Fibonacci extension since the first correction following a market High (July 2007, April 2015). Those occasions that are matched with the current rebound more accurately based on the 1M RSI are marked with a blue circle. The minimum % rise that those 5 events have delivered is the +22.10% of February 2020, which of course could have been higher if it wasn't cut short by the COVID crash. In any case a +22.10% rise from the October 2023 Low would match perfectly the top of the Channel Up and will make a technical Higher High for the pattern. As a result, our target is 17800 on DAX. What the blue-print of the Sine Waves show though for long term investors is that the Cyclical Peak therefore target around the end of 2028 - beginning 2029 is 20500. Those that patiently wait for corrections to take advantage of and buy, will get rewarded based on this historic behavioral pattern. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot12
DAX Elliott Wave Analysis for Wednesday 06/12/2023In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The lower time frame is currently hard to interpret. The 4h and 1h are showing divergence which indicates an ending structure. The 15m gives us a strong move which might indicate another upward cycle. 15:09by AndyCuckoo6