GER40 trade ideas
CLEAN BUYS ON $DAX!XETR:DAX
FX:GER30
Confluences for buys
1. Daily targets still not reached for a substantial pullback
hence still bullish(Daily Target).
2. MSS confirmed this leaving behind a FVG a first line
of defense as an IFVG(1)
3. Price action during the Asian session indicated
supported buy-side pressure as shown by both VaL(2)
and enventually after PoC(3).
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MSS- Market Structure shift
PoC- Point of Control
FVG-fair value Gap
IFVG- Inverse Fair value Gap
DAX short term - bullish Team, I am long DAX at the current price of 18437, with a tight stop loss at 18420 and a target long range at 18520-18540. There will be a resistance test at 18500-05. If the trend pulls back strongly, get out and take your profit.
I also set up short at 18540-45 (NOT yet confirmed). Once the short position is confirmed, I will update you on Tradingview. My short position target at 18435, 18400 and 18355
Elliott Wave Intraday on DAX Favoring Bullish ContinuationShort Term Elliott Wave View suggests rally in XETR:DAX to 18892.92 ended wave ((3)). Pullback in wave ((4)) unfolded as a double three structure where wave (W) ended at 17951.17 and wave (X) ended at 18779.40. Index then resumed lower in wave (Y) towards 17039.47 which completed wave ((4)). The Index has turned higher in wave ((5)) with internal subdivision as 5 waves. Up from wave ((4)), wave ((i)) ended at 17505.23 and wave ((ii)) ended at 17233.07. Wave ((iii)) higher ended at 17666.82 and pullback in wave ((iv)) ended at 17439.87. Final wave ((v)) higher ended at 17828.87 which completed wave 1 in higher degree.
Wave 2 pullback ended at 17669.64 and Index has turned higher again. Up from wave 2, wave ((i)) ended at 17921.99 and pullback in wave ((ii)) ended at 17827.08. Index resumed higher in wave ((iii)) towards 18495.28 and pullback in wave ((iv)) ended at 18354.33. Expect Index to extend higher in wave ((v)) and complete wave 3 in higher degree, then it should pullback in wave 4 to correct cycle from 8.13.2024 low before it resumes higher again. Near term, as far as pivot at 17039.47 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
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GER40 (DAXEUR) - In Bullish TrendGER40 is in bullish trend. The analysis is on a 1H time frame making a Cup & Handle pattern which is a continuous pattern. No divergence is observed. A pending order of Buy Stop is placed.
The Signal is:
EP: 18508.81
SL: 18377.62
TP: 18640.00
RR: 0.25%
Germany30 (DE30EUR)Germany 30(DE30EUR): Trade Plan and Short term Technical View:
The index has reached its supply zone at present. Intraday we can look to sell around $18430-$18460 with SL $18500 Target $18280-$18200.
Daily levels- The trend is bullish till it holds $17500. Key resistance is around $18950. Break above this level is important to reach new levels towards $19400. Prices though are in supply zone at present so a pull back may be expected.
Weekly trend is up till it holds above $17000. Break below this level will negate our bullish view.
RSI is in neutral zone around 58.
What's unraveling the economic powerhouse of Europe?Once a stalwart of European stability, Germany's economic engine is facing unprecedented challenges. This deep dive explores the intricate factors driving its recession and the far-reaching implications for the continent.
Geopolitical tensions and supply chain disruptions have wreaked havoc on Germany's economy. The ongoing conflict in Ukraine, coupled with the lingering effects of the COVID-19 pandemic, has disrupted energy supplies, increased production costs, and hindered global trade.
Rising interest rates and weak global demand have further exacerbated the downturn. The European Central Bank's aggressive monetary tightening to combat inflation has made borrowing more expensive for businesses and consumers, dampening investment and spending. Meanwhile, a global economic slowdown, driven by factors such as rising interest rates, geopolitical tensions, and inflation, has reduced demand for German exports, a crucial driver of its economy.
The consequences for Germany and Europe are profound, with potential for increased unemployment, slower growth, and political instability. As Germany is one of Europe's largest economies, its downturn has a ripple effect on other countries in the region. The recession could lead to job losses, as businesses cut costs to weather the storm, exacerbating social tensions and increasing the burden on government welfare systems. Slower growth in Germany will contribute to slower growth in the Eurozone as a whole, limiting the ECB's ability to raise interest rates further and potentially hindering its efforts to combat inflation. Economic downturns can often lead to political instability, as governments face increased pressure to implement policies that alleviate economic hardship. This could lead to political gridlock or even changes in government.
Can Germany weather this storm? Join us as we delve into the complexities of this economic enigma and explore potential paths forward.
Setting up for Possible sell Continuation The Ob above the Asian session lies within the PoC of the previous day's swing profile, making fr a strong level.
Dax Index (DAX): Breakout & Bullish ContinuationThe 📈DAX Index has successfully broken and closed above a strong falling trend line on the 4-hour chart.
Following a retest, the price has shown a bullish response. I believe that the pair will continue to rise, with the next resistance levels at 18,529 and 18,757.
DAX hits trend channel resistance We believe that the DAX completed an Elliott Wave five rally from the October 14630 low to the mid-May 18892 high and then commenced a correction. The dip to the 17,024 low is viewed as part of a correction within an uptrend.
A sustained break above 18,580/00 would confirm the correction is complete and the uptrend has resumed, setting up a retest of the July 18779 high before the 18,892 all-time high.
Aware that while the DAX remains below resistance at 18,580/00, further range trading within the bullish trend channel is likely as part of an ongoing correction.
De30 De30 german index short trend . Follow the analysis hope we will get good profit on it. If u like it then please hit like button & follow for more .
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 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 remains neutral and is currently in a consolidation phase, with the price at 18,419, easily above the VWAP of 17,875. The support level is now at 17,081, while resistance has moved up to 18,669. The RSI stands at 60, indicating balanced momentum with a bullish bias.
UK 100 maintains a neutral trend and continues in its consolidation phase, with the price at 8,361, now well above the VWAP of 8,206. The support level has been set at 8,007, and resistance is now at 8,404. The RSI remains steady at 60, reflecting more bullish momentum.
Wall Street remains neutral and in a consolidation phase, with the price at 40,837, above the VWAP of 39,845. The support level is now at 38,433, while resistance has risen to 41,258. The RSI is at 63, indicating mild bullish momentum.
Brent Crude remains in a bearish trend and is seemingly just exiting a corrective phase, with the price declining to 78.37, now below the VWAP of 79.01. Support has been adjusted downward to 76.03, while resistance has decreased to 81.99. The RSI has dropped to 42, signalling continued bearish pressure.
Gold has shifted to a highly bullish trend and is currently in an impulsive phase, with the price rising to a new record high, currently at 2,504, above the VWAP of 2,435. Support is set at 2,358, while resistance has increased to 2,512. The RSI stands at 64, indicating strong bullish momentum as the impulsive phase continues.
EUR/USD continues in a bullish trend and remains in an impulsive phase, with the price rising to 1.1070, above the VWAP of 1.0921 and testing the upper VWAP resistance. Support is at 1.0766, while resistance has increased to 1.1075. The RSI has climbed to 70, confirming strong bullish momentum.
GBP/USD remains neutral overall with near term bullish momentum, with the price at 1.2983, above the VWAP of 1.2812. Support has been set at 1.2649, while resistance is now at 1.2982. The RSI is at 64, reflecting neutral momentum with a slight bullish inclination.
USD/JPY is in a major bearish trend and continues in an impulsive phase, with the price falling to 146.46, now below the VWAP of 148.27. Support is at 142.80, while resistance has adjusted to 153.73. The RSI has dropped to 35, indicating a continuation of strong bearish momentum.
GER30 H1 | Potential bullish bounceGER30 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 18,367.33 which is a pullback support.
Stop loss is at 18,200.00 which is a level that lies underneath a pullback support.
Take profit is at 18,582.14 which is a pullback resistance.
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18.08.24Price earlier this week hace been very bullish especially after Wednesdays CPI data release indicating there signs of stability in the economy which my increase the chances of a rate cut in September. Wednesday Fed Chair Jerome will give a clear statment of what may happen with interest rates and there will also be PMI and inital jobless claim data on Thursday.
US30: After price took Mondays lows on Tuesday, US30 has not returned to that spot. WIth the current state of price action, I see price aiming towards 41414.72
GER40: Price on the DAX hasnt returned back down after rebounding off a 4h order block on Tuesday aswell and seems to be reaching 18916.9
DE40 - Daily TF - LONG Buy Trade CallOn daily TF, as analyzed earlier, DE40 after following the Bullish Reversal Crab Pattern perfectly went into the reversal. All those who were not aware that this pattern is an indication of bullish reversal from point D's close by zone, and missed out getting into LONG trade, may still are with the chance of gaining in next three to five days.
Here are the trade values.
LONG Trade Call
Entry: Instant Buy : 18270 OR
Buy Limit Order : 18250
S/L : 18000
TP1: 18540 (after hitting TP1, for 2nd trade : move SL to breakeven)
TP2: 18810
Will the German stock market return to the ceiling of its currenThe DAX index can continue to climb up to the range of 18514 and in case of strength up to the range of 18594. Otherwise, after breaking the range of 18255, we can expect this index to drop to the range of 18127 and in case of strength, to 17968.
DAX GER30I made a sell transaction on DAX at 18300.00. I think a good drop can be made from this point.
My final target is 500 pips.
Downward Pressure on the European Automotive Sector• European Stock Exchange: EuroStoxx50 is up 0.4% at the open, and is considered to have failed to reach its optimal buy point of 4,400 points. Meanwhile, the IBEX35 has stagnated at 0.1%. European indices as a whole have advanced +2.5% since Monday.
• Debt market: The US 10-year bond is at 3.9% and the German 10-year bond is above 2.25%, while Spanish bonds are at 3.08%.
• Carry Trade: T raders have returned to the carry trade with the Japanese yen and the Bank of Japan's policies could influence the profitability of these operations.
• European Automotive Industry: T he transition to electric vehicles and the entire GreenDeal faces several challenges in the sector related to high cost and lack of local infrastructure. The EV market share has contracted from 16% in 2015 to 13% in 2023, so it looks like a clear demand reduction trend. Additionally we can count on supply problems and competition with Chinese manufacturers are affecting European production. This is being reflected in the Stoxx Europe 600 Automobiles & Parts, which has fallen by 6% so far this year. In contrast, luxury brands such as Ferrari have increased their shares by 25%.
• Automobile Company Indices: European leaders in the sector are in EURO STOXX 50 and STOXX Europe 600 Automobiles & Parts.
- Ferrari (RACE): S&P 500, FTSE MIB.
- Renault (RNO) and Stellantis (STLA): CAC 40.
- BMW (BMW) and Mercedes-Benz (MBG): DAX.
• Outlook: The recovery of the European automotive industry could take a decade due to the current pressure, with factors complicating its recovery to pre-crisis levels.
Looking at the DAX chart, it has currently recovered almost +8% since August 5. This tells us that the Fed's policies are reflecting their effects on all European indices to a greater or lesser extent. But do not discount the risk of major automotive and industrial companies being affected by the commodity and technology wars with the East. At the moment, the index's support zone is at 17,419 points, with the current high at 18,913 points. At the moment the strongest trading zone is 18,479 points, slightly above the trading zone. RSI is slightly above the middle zone so it could be representing an increase of long positions in the index. If the index exceeds the 18,479 checkpoint zone, we will see a new attempt to pierce prices in the highs zone.
Ion Jauregui - Analyst ActivTrades
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Key Levels Crucial for GER30 Bullish TrendHello Everyone,
The GER30 index is experiencing a steady rise and is expected to maintain its bullish trend, provided that the 1-year strong resistance point at 18,527.129 can act as a support level in the future. A key indicator to watch is the 1-month pivot point (PP) acting as support, rather than resistance as it has been. This situation is prompting sellers to enter the market despite the solid bullish trajectory.
TradeWithTheTrend3344
$DAX Buys in the making!Buys from H1 FVG
-----------------------
1. Yesterday's High overlaps with FVG
2. FVA of BOS lies within the same area
3. perfect OLOD ie FVG + FVA fill
4. H4 FVG
5. low of Asian session coincides with FVA on 15 min + MSS
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FVA fair value Area
OLOD- overlapping Line of defense.
