DAX Elliott Wave Analysis for Monday 04/12/2023 (+ 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 can be in after a triple three correction or an expanded flat. As long as we do not take out the 31/07/23 high, there is still a possibility that we will have an expanded flat trap. The impulse we are seeing from the October low is then a wave C. 16:12by AndyCuckoo7
DE30 AB=CDThe DE30 has completed an AB=CD pattern on its daily chart, and it's currently trading above the 14,942.5 level. The anticipated target for this pattern is 15,648.2.Longby TradeChartPatternsLikeTheProsUpdated 12
DAX: Approaching the All Time High for a low risk short.DAX has turned vastly overbought on the 1D timeframe (RSI = 80.023, MACD = 247.400, ADX = 61.180) with the 1D RSI reaching the highest levels since April 5th 2021. It is fast approaching R2 (16,535) which is the index' All Time High, technically a low risk short opportunity. We are looking to take it on next week's opening and target the 1D MA200-0.382 Fibonacci band (TP = 15,800). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Shortby InvestingScope15
GER40 - MACD Divergence PullbackDivergence indicate potential of pullback from recent bullish runup. by fugutrader3
✅DAX BEARISH SETUP|SHORT🔥 ✅DAX is going up now But a strong resistance level is ahead at 16,500 Thus I am expecting a pullback And a move down towards the target at 16,200 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx116
DAX Will Open Elliott Wave Bullish Sequence SoonTVC:DEU40 cycle from 9.29.2022 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 9.29.2022 low, wave (1) ended at 16528.97 and dips in wave (2) ended at 14630.21. The Index extends higher again in wave (3). It still needs to break above wave (1) at 16528.97 to validate this view and opens up a bullish sequence. The 1 hour chart below shows the wave (2) pullback at 14630 and the subsequent rally higher. Up from wave (2), wave 1 ended at 14933.69 and dips in wave 2 ended at 14655.08. The Index is then nesting to the upside in wave 3. Up from wave 2, wave ((i)) ended at 15364.49 and pullback in wave ((ii)) ended at 15171.58. Index then extended higher in wave ((iii)) towards 16041.17 and wave ((iv)) pullback ended at 15915.4. Expect the Index to extend higher in wave ((v)) to complete wave 3. It then should pullback in wave 4 and extends higher again afterwards in wave 5. Near term, as far as pivot at 15167.95 low stays intact, expect the Index to extend higher. Once wave 5 is done, it should complete wave (3) in higher degree.by Elliottwave-Forecast2
DAX Buy the pull-back and target the All Time HighDAX eventually broke to the upside following our previous trade idea (see chart below) and hit both our 15635 and 15995 targets: The index is now approaching Resistance 1 (16535), which is the All Time High (ATH) but the 1D CCI shows a Bearish Divergence and potential short-term pull-back. That would serve as an excellent accumulation opportunity for an end-of-the-year rally. We are waiting for a buy at 15800 (1D MA200) in order to target 16535. ------------------------------------------------------------------------------- ** 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 TradingShot1115
DAX Is Trading In Wave 5 Of An ImpulseDAX has nice and clean impulsive personality away from the lows in the 4-hour chart which indicates for more gains, but we should be aware of some slow down after a five-wave movement, which can approach the temporary 16530-16600 resistance area from where we may see some pullback.by ew-forecast6
Upward Momentum For The DAX Amidst Economic Data Release The DAX in Frankfurt exhibited robust performance, closing at 16,150.17 with a 1.10% surge, largely fueled by positive market responses to German Consumer Price Index (CPI) data and Federal Reserve hints at potential rate cuts. German CPI figures for November indicated a substantial easing of inflationary pressures, favorably impacting investor sentiment. Throughout the trading day, the index fluctuated between a high of 16,167.94 and a low of 15,989.91, surpassing its previous closing value of 15,975.22. Key players like Infineon Technologies saw a 4% spike in shares, while other notable performers such as Zalando, Sartorius, and Siemens Energy registered over 3% climbs. Additionally, the automotive sector depicted strength with Vonovia, BMW, and Mercedes Benz Group securing gains exceeding 2%. However, not all DAX constituents experienced positive momentum, with Covestro and Munchener Ruck facing declines greater than 0.5%. Amidst the market upswing, the euro slightly retreated against a strengthening dollar, trading within the range of $1.1018 to $1.0969. The Dollar Index, measuring the dollar's strength against major currencies, increased by 0.15% to 102.90. Simultaneously, German government bond yields mirrored the global trend of declining yields, closing at 2.4510%, a 1.7% drop from the previous session. This decline aligns with softer inflation data and potential prospects of a more accommodative Federal Reserve monetary policy, including probable rate cuts to stimulate economic growth. Technically, the DAX's monthly chart indicates an ongoing upward trend, but the index faces critical junctures. Despite retesting previous highs, the index hasn't broken out, while recent weakness challenges price support. A breakout would signify bullish prospects for both Germany and the United States, whereas a failure at price support could convey a negative message for both economies. Supported by indicators like MACD and RSI, a continuation of the bullish trend might propel the price towards levels around 16,295.42, considering a pivot point at 16,170.56 that could lead to a return to 16,129.73. Investors are advised to closely monitor these pivotal levels as they could dictate the index's future trajectory and signal broader market implications, not only within Germany but also for global markets, particularly in the United States. 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 Longby legacyFXofficial0
DAX Analysis - Exploring Potential Corrections 📉Hello Friends 😁 Since our last analysis of the DAX, significant developments have unfolded. We've adjusted the analysis slightly to the left, identifying Wave 3, Wave 4, and Wave 5, or alternatively, Wave 1 and Wave A. In my perspective, the upward trend represents either a Wave B or Wave 2 correction. As long as we stay within the 100% correction, it continues to signal a Wave 2 correction. Anything beyond 100% could indicate a Wave B correction. Regardless, I anticipate a substantial downturn. Consequently, I expect an entry point at 90%, as this level is likely to be reached, especially after surpassing the 78.6% mark. There is a possibility it could correct up to 100%, but personally, I plan to enter at 90%, with a slightly wider stop-loss for added security. I do not anticipate a new All-Time High or expect the current All-Time High to hold for an extended period. 💥🔍Shortby stromm_by_wmc3
DAX Elliott Wave Analysis for Thursday 30/11/2023 In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as a WXY with an expanded flat as wave X. The secondary scenario assumes that the wave ((2)) low is in after a triple three correction. As long as we do not take out the 31/07/23 high, we are reluctant to make this our primary scenario. 12:40by AndyCuckoo3
Diagonal ending in a larger degree of wave????Greetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck! Longby mehdi47abbasi794
DAX time for correction?I like indices move this days but now DAX is in big resistance as very exausted, my opinion even with manipulation can be a nice short, deviation and come down or continuation and i am wrong but the MACD is very divergent...GShortby Trader-MPUpdated 6
DAX Elliott Wave Analysis for Wednesday 29/11/2023 (+ Higher TF)In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.18:24by AndyCuckoo1
Dax - MaxAfter Sharp decline due to several reasons (mainly leaded by COVID) the main German Index dis an impressive revovery. But not supported in many factors, even no evident fundamental reasons. German Industries still fighting with strong energy prices, lower produstion in automobiles/automotives with strongest contest to chinese markets. All in all: Expect near term peak and falling prices again. 23-11-28/Daniel Shortby Flyerdan1
Weekly Technical Analysis 27/11/2023Start 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. ----------------------------------------------------- Wall Street (Daily) The flat trendline positioned around 35,660, along with the VWAP's bullish signal and the bullish Harami pattern, suggests that if the price breaks above this trendline, it could confirm a continued uptrend. Conversely, if the price fails to breach this level, the trendline may act as a strong resistance. Germany 40 (Daily) The index is in a bullish trend, with the VWAP moving upwards. The last candlestick is an Engulfing pattern, which is bullish. The RSI is at 74, suggesting that the index is in the overbought region, which may lead to a temporary retracement. UK 100 (Daily) The chart presents a bullish trend with an ascending VWAP. The latest candlestick pattern is a bullish Harami, suggesting a potential reversal. The RSI at 51 is neutral. Traders may look at 7355 as support and 7525 as the next resistance level. BRENT CRUDE (Daily) The oil chart shows a slight bearish to sideways trend, with a downward-sloping VWAP. The RSI is at 40.19, indicating potential for upside if it moves out of the oversold region. Support is at 77.89, with resistance at 81.37. GOLD (Daily) The chart shows Gold consolidating with a slightly bullish bias, as indicated by the VWAP. The RSI at 63.9 is neutral, suggesting no immediate overbought or oversold conditions. Support and resistance levels are at 1933 and 2011. EUR/USD (Daily) The chart indicates a bullish trend as the VWAP is ascending, and the latest candlestick pattern is a bullish Harami, suggesting a potential reversal after a downtrend. The RSI is at 69.71, near the overbought threshold, which could signal a pause or pullback in the near term. Key levels to watch are support at 1.0817 and resistance at 1.1032. GBP/USD (Daily) This chart also shows a bullish trend, with the VWAP on an upward trajectory. A bullish Engulfing pattern has formed, indicating potential for further upside. The RSI is at 68.60, also approaching overbought territory. Traders might consider the next support at 1.2412 and resistance at 1.2677. USD/JPY (Daily) This currency pair shows a bullish trend, with the VWAP sloping upwards. The latest candlestick pattern is a bullish Engulfing, indicating the potential for further gains. The RSI is neutral at 44.16, suggesting there's room for the price to move either way. by Spreadex1
Possibility of a short occurringWe are at a resistance level, a upward trendline was broken and a rejection candle just formed. If it should close downwards I can sell and put my stops right above that level.GShortby Fanel_theTrader226
DAX - END OF THE RALLY ?Second tentative for a swing short on the german index WIll look at increasing position with a daily close below 15600 The transition from an uptrend to a downtrend takes usually some times, will look at compouding/building the position between 16000 & 16200 if given On a more fundamental note, market participants seem seducted by the FED pivot narrative, which I think is a mistake. I don't think FED will not cut rates this year. Shortby CRYPTODOTIDEASUpdated 7716
DAX Strong sell opportunityDAX extended its almost 1 month rise and is about to hit Resistance (1) at 16065. We've had two rejections there in August. Over this Resistance lies the 0.786 Fibonacci retracement level, a key technical Resistance during recovery rallies. Besides those obvious bearish bias, the current rally can be compared to the pattern from March 7th to May 19th, which ended with a -4.33% pull back to the MA50 (1d). Trading Plan: 1. Sell on the current market price. Targets: 1. 15550 (the 0.5 Fibonacci level, on top of Support Zone (1)). 2. The MA50 (1d) on a -4.33% drop can be targeted only if you see the pull back to aggressive by its second (1d) candle as on May 23rd. Tips: 1. The CCI (1d) is posting a Bearish Divergence, which has been an absolute (100%) sell signal during the whole year. Most pull backs on that signal have been greater than -4.33%. Please like, follow and comment!! Notes: Past trading plan: Shortby TradingBrokersView5
: European Equities and DAX: Navigating Bullish Sentiment Amid EEuropean equity markets, especially the German DAX, are poised with a bullish sentiment despite concerns about a potential economic slowdown in 2024. Analysts surveyed anticipate a moderate increase in European benchmarks, projecting a 4.1% rise for the pan-European STOXX 600 index and a 2.5% increase for the Euro STOXX 50 index by the end of next year. Amid worries over economic headwinds and the possibility of a recession, the markets remain cautiously optimistic, attributing the potential growth to expectations of a more dovish stance from central banks and a potential easing in energy prices. Despite Germany's position as the bloc's industrial powerhouse facing challenges due to its reliance on energy-intensive industries and external demand, the German DAX is expected to rise by 5% by the end of 2024, building upon its 14% gain in 2023. Analysts emphasize the importance of key levels for the DAX, suggesting that a breakout from current resistance levels could signify a bullish trajectory for both Germany and the broader U.S. markets. Technical indicators such as RSI and MACD also align with this bullish sentiment, providing buy signals. Investors are cautiously optimistic, considering the potential for a year-end rally in the U.S. to positively impact European equities due to increased risk appetite globally. However, concerns persist regarding a possible economic slowdown's impact on European markets, particularly in the latter half of 2024, posing challenges for sustained growth. The current outlook for DAX hints at a continuation of its upward trend, potentially reaching resistance levels around 16,060. However, analysts also note the possibility of a drop towards support levels around 15,860 should a pivot point at 15,962.66 be breached, reinforcing the importance of monitoring key levels for cues about future market directions. 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. Longby legacyFXofficial0