Bearish Look for potential Reversal bearish candlestick formation upon the retest of daily supply zone
DAX Correction Ahead! Sell!
Hello,Traders!
DAX is trading in a strong
Uptrend but the index is
Locally overbought so after
The retest we will be expecting
A local pullback and a
Bearish correction
Sell!
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GRMAN 40 (DAX) BEARS ON THE HORIZONThe 10 year German Bond yieds have been falling since March from 2.95% to current levels just above 2.4%. The falling yields are mainly due to the ECB intrest rate cuts, which lowered its benchmark rate by a quarter percentage point to 2.25% on April 17 for the seventh time. Bond yields fall when in
DAX: Bears Are Winning! Short!
My dear friends,
Today we will analyse DAX together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 22,904.4 Therefore, a strong bearish reaction here could determine the next move down.We will watch for a confirmation candle, and then target th
DAX at a Crossroads: Will Resistance Trigger a Pullback?The German 40 (DAX) has been on a strong bullish run, now trading into a key resistance zone near previous range highs. This area is likely packed with liquidity (buy stops), making it a potential turning point. Given the overextended price action and current fundamentals, a retracement is likely as
DAX H4 | Potential bullish bounceThe DAX (GER30) JPY is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 22,574.39 which is an overlap support.
Stop loss is at 21,780.00 which is a level that lies underneath an overlap support and the 23.6% Fibonacci retracement.
Tak
DAX CAUTION!"From Errrections Come Corrections." Unlike the Eiffel Tower pattern, this setup is less severe. It’s more likely to resolve through time and price consolidation than a complete reversal.
DAX: forming the 1st Golden Cross since December!DAX has just turned bullish again on its 1D technical outlook (RSI = 58.773, MACD = 85.200, ADX = 45.497) and tonight will form the first 4H Golden Cross in 5 months (since December 2nd 2024). This comes to compliment a 1D MACD Bullish Cross that was formed last week. The pattern is identical to the
DAX H4 | Falling toward an overlap supportThe DAX (GER30) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 22,794.30 which is an overlap support.
Stop loss is at 22,200.00 which is a level that lies underneath a swing-low support.
Take profit is at 23,447.57 which is a mul
Bullish momentum to extend?DAX40 (DE40) is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 22,083.20
1st Support: 21,516.36
1st Resistance: 23,434.50
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