GER40 trade ideas
Losing SteamIt is the 3rd consecutive time that we didn't reach a new top. This may indicate a desire of the market to correct, i.e. to take out some risk or to have a snooze at least.
Thus I assume that there is no big risk on the upside.
DAX-LEADER-SWING4YR:Broke the 4 year Previous high and retested the level, hence and created a 1-2 RTM on 7 weeks Timeframe:
7W: Previous RTM, has been broken and major zones for additions are 7 Months Previous high and 18 Months Previous High
DAX H4 | Potential bullish bounce off overlap supportDAX (GER30) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 18,652.31 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 18,500.00 which is a level that sits under the 50.0% Fibonacci retracement level and an overlap support.
Take profit is at 18,972.46 which is a swing-high resistance.
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SHORT THE DAX AT MARKET PRICE 18865Team, we are shorting DAX at market price 18865
STOP LOSS at 18930.20
Target 1 - 18826 - bring stop loss to BE once the price is reached
Target 2 - 18771
Target 3 - 18724
DAX: Aggressive uptrend for the rest of the year.DAX maintains a very healthy bullish 1D technical outlook (RSI = 60.112, MACD = 108.800, ADX = 23.465) as it is extending a rebound aon the 1D MA50, after an August 5th rebound on the 1D MA200 as well. Successive holds of those levels suggest that the index has already started the new Bullish Wave of the 2022 Channel Up. We can target at least the 2.0 Fibonacci level (TP = 20,250) as it was the level that priced the last HH.
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Germany DAX30 buy analysisAs the price didn't react to the area of value in 1H TF, So I think it is possible that the price come down again to touch our entry but it should NOT close below the low.
I'm waiting for a lower candle shadow that trigger our entry and then go up again.
we can set an order or wait for price to come to our zone and then look for a CHoCH in lower TF and then find an entry with more confidence.
Let's see what happens...
Long trade
Trade Setup:
Buy-side trade on DE30EUR (DAX)
Entry Price: 18,517.0
Profit Level: 18,923.7 (2.20%)
Stop Loss Level: 18,341.6 (0.95%)
Risk-Reward Ratio (RR): 2.31
Key factors supporting this trade include positive economic data from Germany and the Eurozone and technical indicators that point toward bullish momentum.
Dax Long position setupWe had a BOS to the down and then a CHoCH to the top.
Now we have to wait for a pullback, and I think this area has its potential to set an order.
This setup is in 4H TF, so also we can wait for the price to come into our area of interest and then wait for a CHoCH in lower TF like 15m TF and then find another entry zone...
H4 Choch Buy We Entry in H1 Red Flip back to Green 1.5 RatioH4 Choch Buy We Entry in H1 Red Flip back to Green 1.5 Ratio
H4 Green above 200ma then wait H1 correction red and last night flip to green above 200ma today market focus in H1 TF.
1H dax30 1.5 Ratio testing 18800 strong level1H dax30 1.5 Ratio testing 18800 strong level
But 4H 1W still strong buy
DE40 (aka GER40) - LONG (BUY) Trade CallOverall trend is bullish on Daily TF.
On 4h TF, Bullish Hidden Divergence has formed on RSI which indicates strengthening of bullish trend. Remember, Hidden divergences indicate continuation of trend. Therefore, Taking Long trade.
LONG Buy Trade Call
DE40 (GER40)
Entry Buy Limit: 18740
SL: 18640
TP1: 18840
TP2: 18940
Will the DAX index return to its ceiling?According to the resistance in the range of 18803 After breaking this area, expect to climb up to the 18947 range Otherwise, with the failure of its support in the 18605 range, we can expect the 18496 range to continue falling.
DAX Outlook: Gains Driven by Siemens, Infineon, and Fed Rate My Trade:
A long trade at 18,730 on the DAX 30 is a bullish bet, signaling an expectation that the index will continue its upward momentum. Here’s the reasoning behind this setup:
Technical Indicators: The DAX remains above key moving averages, including the 50-day and 200-day EMAs, which are traditionally seen as bullish indicators. A breakout from the 18,750 level would affirm this momentum, supporting a potential rise towards the first target of 18,780, and further to 18,870 .
Market Sentiment: With market optimism building around potential rate cuts from both the ECB and the Fed, rate-sensitive stocks have seen upward pressure. This environment could push the DAX higher as lower borrowing costs benefit corporate earnings and stock prices.
Support Levels: The stop-loss at 18,680 is set just below recent support, minimizing downside risk in case the market turns. This level should act as a cushion against significant drops if bullish momentum wanes .
Targeting 18,780 (TP1) allows for a short-term profit with minimal risk, while 18,870 (TP2) represents a more aggressive target, aligning with potential upward momentum toward all-time highs.
INFO
The German DAX 30 index rebounded on September 17, advancing by 0.50% to close at 18,726, recovering from the previous day's losses. Gains in major stocks like Siemens and Infineon, alongside positive market sentiment driven by hopes for a Fed rate cut, helped lift the index. This was complemented by easing fears of a U.S. recession, supported by stronger-than-expected U.S. retail sales data.
Key Market Drivers
Tech & Energy Sector Gains: Siemens Energy surged 4.26%, and Infineon rose by 3.24%, driven by expectations of both ECB and Fed rate cuts, which would benefit rate-sensitive stocks. Auto stocks like Volkswagen (+1.36%) and Porsche (+1.18%) also added to the positive momentum.
Retail Stocks Surge: Zalando SE led the charge with a 7.33% gain, fueled by Kingfisher raising the lower end of its profit forecast, boosting demand for retail stocks.
Economic Indicators
The German ZEW Economic Sentiment Index dropped from 19.2 in August to 3.6 in September, signaling a challenging outlook for Germany’s economy.
Eurozone inflation data, with the final August figures expected, could trigger further ECB rate cut bets, potentially lowering borrowing costs for businesses and boosting stock prices.
DAX Technical Outlook
The DAX remains above its 50-day and 200-day EMAs, signaling continued bullish momentum.
A break above 18,750 could drive the index toward the all-time high of 18,991, with a possible push to 19,200 if the Fed cuts rates by 50 basis points. Conversely, failure to hold key support levels could see a pullback toward 18,000.
The U.S. retail sales figures and Eurozone inflation data will be crucial for determining short-term market direction, with a focus on the Fed's upcoming rate decision.
🌐 Sources
fxempire.com - Dax Index News: Economic Data and Fed Rate Cut Bets to ...
euronews.com - Germany's economic sentiment takes a dramatic fall as ...
fxempire.com - Fed Rate Cut Bets Support DAX Amid Weak Eurozone ...
DAX30/GER30 PREPARE TO SHORT ONCE THE PRICE HITTeam, I am waiting for the price to move toward our position to short.
We are considering shorting once the price hits below 18703-18697. The current price is at 18720
We assume the stop loss at 18775, but a safer stop loss level would be at 18817
Our target would be 18619.4. Please reduce or take profit from 50% to 70% of your volume at this price and trail your stop loss toward BE.
And second target is 18526
Germany DAX30 buy setupAs you can see the price broke the structure to the top again and now we have to wait for a pullback and I think this area is good to set a buy order.
Let's see what happens.
GER40 swing trade(UPDATE)Last week we were looking for a sell from 18500 with many technical confluences. We also had a 11 day straight bull run without any meaningful retracements. This is a continuation to the previous idea, as the price did not react from our level of interest and kept pushing higher. Currently waiting for 18800, which is the Weekly 0.786 fib level drawn from the all time high. We target 18500-18450 for our TP1. Will update next week. As always, trade safe and wait for confirmations before entering a trade.
Fractals Trading Community,
Mei
Sell German 40 MORNING SIGNALI’m identifying a Dark cloud patter and a Bearish engulfing signal in one Zone
Let’s drop guys
German DAX30 buy setupAfter BOS to the top, now it's time for the pullback and I think this area has potential to set a buy order.
Lets see what happens...
Weekly Technical AnalysisStart 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.
NOTE: These charts use the ‘Pro Trading Tools’ available on the SpreadEx trading platform. To use them, log in to your SpreadEx Financials Account and click ‘Technical’ from the menu on any chart.
*KEY
Trend is set by the slope of the VWAP over 50 periods
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 remains in a bullish trend, now in an impulsive phase. The price is at 18,639, slightly above the VWAP of 18,630. Support and resistance levels are at 18,193 and 19,001, respectively. The RSI is at 54, indicating stronger bullish momentum.
UK 100 is neutral, continuing its consolidation phase. The price is at 8,272, close to the VWAP of 8,275. Support is at 8,139, and resistance is at 8,416. The RSI at 50 suggests stable momentum.
Wall Street remains in a bullish trend, now in an impulsive phase. The price is 41,441, above the VWAP of 40,962. Support is at 40,238, with resistance at 41,686. The RSI of 61 indicates strong bullish momentum.
Brent Crude continues its bearish trend, now in an impulsive phase. The price is 71.77, below the VWAP of 74.47. Support is at 67.72, with resistance at 81.21. The RSI is 38, indicating bearish momentum but with some signs of slowing.
Gold remains bullish, currently in a corrective phase. The price is 2,586, slightly above the VWAP of 2,518. Support is at 2,458, with resistance at 2,576. The RSI is at 71, showing strong bullish momentum.
EUR/USD stays in a bullish trend, now in an impulsive phase. The price is 1.1120, slightly above the VWAP of 1.1091. Support and resistance levels stand at 1.0991 and 1.1190, respectively. The RSI is at 59, suggesting ongoing bullish momentum.
GBP/USD remains in a bullish trend, currently in a corrective phase. The price is 1.3180, slightly above the VWAP of 1.3147. Support is at 1.3048, with resistance at 1.3246. The RSI at 61 suggests continued bullish momentum.
USD/JPY continues in a bearish trend, currently in an impulsive phase. The price is 139.83, below the VWAP of 143.54. Support is at 139.80, and resistance is at 147.39. The RSI at 27 reflects strong bearish momentum.
European Shares Gain as DAX Holds Bullish Momentum Ahead of CPIEuropean Shares Rise, Led by Tech and Resources Sectors
European shares opened higher on Wednesday, with gains driven by the tech and basic resources sectors, as investors await a key U.S. inflation report for insights into the Federal Reserve’s upcoming interest rate decision.
The DAX remains in a bullish momentum zone as long as it trades above 18,180, with potential targets at 18,520 and, beyond that, 18,645. The trend is expected to remain bullish ahead of the inflation data, and if the data aligns with expectations, this momentum is likely to strengthen.
However, a break below 18,180 could signal a downturn, with the price potentially falling towards 17,960.
Key Levels:
Pivot Point: 18300
Resistance Levels: 18520, 18640, 18780
Support Levels: 18180, 17970, 17740
Expected Range: 18180 - 18780
Trend: Bullish as long as the price stays above 18,290 and 18,180.
