Indesisive Don't trade ger until it make any clear direction. Other wise you'll be trapped. Market type is zoned.
GER30 trade ideas
Weekly Technical AnaylsisStart your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
*KEY
Trend direction is set by the slope of the VWAP over 50 periods
Trend phase is determined by the current price relative to the VWAP (20) level (above or below)
Support & Resistance are set by the StdDev #2 Lower and Upper respectively.
Momentum is determined by the RSI level (70 as overbought and under 30 as oversold).
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Analysis
Germany 40 is still in a sideways consolidation but, with the price stuck close to the VWAP of 18,430. Support and resistance levels have adjusted to 18,129 and 18,722, respectively. The RSI has increased to 50, indicating stable momentum compared to the previous report.
UK 100 looks to be breaking out of its neutral sideways trend and is now in a new bullish impulsive phase, with the price increasing to 8,353, above the VWAP of 8,191. Support has adjusted to 8,077, while resistance has decreased to 8,306. The RSI has increased to 63, reflecting a significant increase in momentum.
Wall Street remains in a bullish trend and has entered an impulsive phase, with the price increasing to 40,686, now above the VWAP of 40,229. Support and resistance levels have adjusted to 39,143 and 41,316, respectively. The RSI has increased to 62, indicating strong bullish momentum compared to the previous report.
Brent Crude remains overall choppy and trendless but has entered a short term bearish impulsive phase, with the price decreasing to 80.31, now below the VWAP of 83.14. Support has adjusted lower to 79.11, while resistance has increased to 87.17. The RSI has decreased to 35, indicating a lack of strong bullish momentum.
Gold remains in a neutral trend and is in a consolidation phase, with the price steady at 2,389, now below the VWAP of 2,403. Support has adjusted lower to 2,344, while resistance has increased to 2,463. The RSI has decreased to 50, indicating stable momentum.
EUR/USD remains in a bullish trend but has entered a corrective phase, with the price decreasing to 1.0834, now below the VWAP of 1.0868. Support has adjusted lower to 1.0800, while resistance has increased to 1.0936. The RSI has decreased to 48, indicating reduced bullish momentum.
GBP/USD remains in a bullish trend but has entered a corrective phase, with the price decreasing slightly to 1.2814, now below the VWAP of 1.2901. Support has adjusted higher to 1.2770, and resistance has increased to 1.3033. The RSI has decreased to 44, indicating reduced bullish momentum.
USD/JPY remains in a bullish trend and continues in a corrective phase, with the price decreasing to 153.63, now below the VWAP of 157.36. Support has adjusted higher to 152.10, while resistance has increased to 162.63. The RSI has decreased to 28, reflecting a significant reduction in bullish momentum compared to the previous report.
DAX**DAX:**
This week's forecast is for the price to rise to the zone between 18884.84 and 19037.47, which coincides with the top of the channel.
DAX Coiling for BreakoutGermany's DAX index has spent the last six months or so coiling within an ever-tighter symmetrical triangle pattern centered at 18,500.
With other non-tech-focused indices like the Dow Jones Industrial Average and FTSE 100 breaking out of their own consolidation patterns, German investors will be hoping for a similar bullish break to record highs near 19K. Meanwhile, a bearish breakdown below 18K could target the 200-day MA near 17.5K next.
-MW
Up and awayIts been said the markets are set to have a big week as the Federal Reserve, the Bank of England and the Bank of Japan all set to hold policy meetings and Non farm payrolls on Friday.
There will also be big tech earnings.
Us30: From what I can see Us30 has reacted from a demand zone very well which is below break on the BSL (BOS on a high time frame) and I'll look for it to continue hopefully to 41414.72. Price is still hovering above and outside Junes range so I'll expect August pricing to open and close outside that area.
Ger40: DAX has me questioning my analysis because it hasa been very sideways and hard to read. Not too much strength in movement and still in Junes price range. But as I set back and analyse I have to remember this is just and accumulation phase which could indicate storng movement coming or a reversal. All of my own mark up lead me to think price needs to reach 18920.5 but I will have more confidence if price can show strength and pass 18645.1
Ger30 - August Short SetupVarious Channels and ABCD short setup identified.
This pattern is still in the process of forming. Possible bearish price movement towards target levels ranging from 18,666.26 to 17,625.74 within the next 7 days.
Expiry Date/Time: 8/8 03:14
Don´t miss selling the highs on DAXThe current uptrend on the DAX/GER40 is showing signs of weakening, with mixed signals appearing across various indicators. My strategy involves monitoring for a price drop below the 50 MA, where I've set a Sell stop order to trigger at 18,272. My optimal target for this position is 17,054.3.
I anticipate significant market movement throughout the next week, aligning with my approach of entering swing trades on the DAX. Should the price action continue to rise and surpass the 18,700 mark, there is a potential for it to reach the 18,700-19,000 resistance cluster. This range is a strategic point for selling at a high, offering excellent profit potential as the DAX hovers around its all-time high range. Remember, markets do not move in a single direction indefinitely.
Stay vigilant and prepare for these key levels to capitalize on potential market reversals and continuation patterns.
Happy weekend! 🚀📉 #DAX #GER40 #TradingStrategy #SwingTrading #TechnicalAnalysis
GER30 Possible Bearish moveThere is a CHoCH on the 4hr indicating a possible downtrend, with a BOS liquidity grab.
Price heading to a sell zone for the possible bearish move.
Remember: Risk Management very Important
GERMAN 30 BUY BIASPrice rejected monthly support then the previous HL was broken indicating a trend change to me. Looking for Buys after getting entry confirmations
DAX H1 | Potential bearish breakoutDAX (GER30) is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 18,175.94 which is a potential breakout level.
Stop loss is at 18,300.00 which is a level that sits above a pullback resistance.
Take profit is at 18,036.36 which is a swing-low support that aligns close to a confluence of Fibonacci levels i.e. the 100.0% projection and the 127.2% extension levels.
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Short AgainWe have classically retraced the decline of last week. Now this retracement has reached an important resistance point. It is the March top, the top of 5th-6th June and the temporary May bottom. Together with the 50% retracement it seems to be resistance enough to risk a sale.
supply to demand out looklooking at selling opportunities as price returns to the 1HR supply zone which confluences with the daily and 4HR supply zones. will this zone hold as we know price has to test this area within 30 days for this supply to work failure to test it with this time-line it will invalidate our set-up
DAX to find buyers at market?GER40 - 24h expiry
A Morning Doji Star formation has been posted at the low.
A Doji style candle has been posted from the base.
The primary trend remains bullish.
Daily signals are bullish.
Yesterday's Marabuzo is located at 18415.
We look to buy dips.
We look to Buy at 18415 (stop at 18315)
Our profit targets will be 18665 and 18725
Resistance: 18509 / 18600 / 18700
Support: 18430 / 18350 / 18220
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Could price bounce from here?DAX40 (DE40) is falling towards the pivot and could bounce from this level to the 1st resistance.
Pivot: 18,408.84
1st Support: 18,298.43
1st Resistance: 18,664.16
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DAX40 - end of bull market?- German index has been extremely well over recent months despite data from German economy, which are far from perfect
- Everyone expects EURUSD to go up, which I doubt - I believe it will not break 1.1
- If EUR losses against USD, it can affect DAX and cause a significant corecton. So technically, if the price breaks down form the wedge respecting the HAS pattern, DAX can do all the way down to 16400.
We shall see.
No recommendation, just my humble opinion.
