WOULD IT BE A PERFECT TIME TO SHORT DAX AT 18585Team, please review the chart for shorting DAX
would have to stop loss at 18685 with entry short at 18585,
target will depend on the chart as per illustrated.
DE40 trade ideas
German index, what to expect next? In my previous analysis, I projected a reversal in GER40, expecting a corrective move toward the daily Fair Value Gap (DFVG) in the 18,000-18,200 range. Over the past week, the price has nearly reached this target. Looking ahead, I see two potential scenarios:
1. **Further Decline:** The price may continue to move lower, targeting the 1-hour FVG, which is also visible on the 4-hour, daily, and weekly timeframes.
2. **Rebalance and Retest:** A minor drop to the Previous Day's Low (PDL) could lead to a rebound, with a likely rebalancing toward the premium levels early next week (Monday-Thursday). This would include a retest of the Buy-to-Sell (BTS) zone and potentially the 4-hour bearish Order Block (OB), followed by more aggressive selling down to the 18,000-18,200 range.
Once this zone is reached, I'll be monitoring for a potential bounce, which I will detail in my next update.
Elliott Wave Intraday Analysis Expects DAX to Turn Higher SoonShort Term Elliott Wave view on DAX suggests that the Index is correcting cycle from 8.5.2024 low in 3, 7, or 11 swing before it resumes higher. The pullback on 8.5.2024 towards 17024.6 ended wave ((4)). The Index has turned higher in wave ((5)) with internal subdivision as an impulse Elliott Wave structure. Up from wave ((4)), wave ((i)) ended at 17505.23 and wave ((ii)) pullback ended at 17233.07. Wave ((iii)) higher ended at 17666.82 and pullback in wave ((iv)) ended at 17439.87. Wave ((v)) higher ended at 18920.1 which completed wave 1 in higher degree. Dips in wave 2 ended at 17669.64.
Up from wave 2, wave ((i)) ended at 17921.99 and wave ((ii)) ended at 17827.08. Wave ((iii)) higher ended at 18344.22 and wave ((iv)) ended at 18240.17. Wave ((v)) higher ended at 18495.28 which completed wave 3 in higher degree. Pullback in wave 4 ended at 18349.98. Final leg wave 5 ended at 18990.78 which completed wave (1) in higher degree. Wave (2) pullback is in progress to correct cycle from 8.5.2024 low as a double three Elliott Wave structure. Down from wave (1), wave W ended at 18414.13 and wave X ended at 18607.79. Expect wave Y to extend lower to correct cycle from 8.5.2024 low in 7 swing towards 17659.1 – 18018.6 area before it turns higher. As far as pivot at 17024.62 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
DAX SHORTThe DAX, Germany's leading stock market index, is experiencing a downturn due to several factors. Global economic uncertainty, inflation concerns, and fears of higher interest rates are weighing on investor sentiment. Additionally, weaker-than-expected corporate earnings reports, especially from key sectors like automotive and manufacturing, have further contributed to the decline. The ongoing geopolitical tensions and energy supply issues in Europe, particularly related to the Russia-Ukraine conflict, are also playing a significant role. As investor confidence falters, the DAX continues to face pressure, signaling potential challenges ahead for the German economy and its broader market outlook.
Anyway, now SHORT.
DAX - BEARISH CORRECTION BEFORE CPITechnical Analysis DAX
The price remains within a bearish zone as long as it trades below 18,520, with potential targets at 18,290 and, below that, 18,180. Ahead of the inflation data, the trend is expected to remain bearish. However, during the release of inflation data, a reversal to a bullish direction is possible due to potential rate cuts.
Stabilization above 18,520 would support a rise towards 18,640 and 18,780.
Key Levels:
Pivot Point: 18520
Resistance Levels: 18640, 18780, 18970
Support Levels: 18345, 18260, 18180
Expected Range: 18540 - 18260
Trend: Bearish as long as the price remains below 18520.
The DAX index is correcting or changing the trend?Considering its dynamic resistance in the range of 18380, after breaking this area, we can expect the index to rise to the range of 18500 and 18605. Otherwise, after breaking its current support in the one-hour time frame in the 18190 range After the failure of this area, it can be expected to continue its descent to the range of 18071 and in case of strength to the bottom of the channel, i.e. the range of 17968
Bullish Setup For German DAXThis is a short-term, bullish setup for the German benchmark index DAX. Shortly before the publication of the US CPI, the international equity markets appear to be forming a bottom, from which we would like to profit with this trade.
My idea to trade for the next daysI expect a low-volume sideways phase followed by a sell-off and then the price explosion on Thursday
Dax for 18 K - Inverted Cup and Handle Dax is in a downtrend after rejection from 19K .
Price can be seen to be in the midst of forming and Inverted Cup and Handle structure, with resistance offered by Fan 2.
The Inverted Cup and Handle, if formed, suggests continuation of the downtrend.
The likely target is at 18 K. Here , structure can act as resistance. It is confluent to the Fibonacci .50 level.
The RSI printing in the Sell Zone.
The Bias at present is short.
Riding the Bull: My Probability-Based Approach to Trading GER30The German DAX (GER30) is showing promising signs for potential upside movement, supported by several key fundamental factors:
1. European Central Bank's accommodative stance
2. Improving economic indicators in the Eurozone
3. Strong performance of German export-oriented companies
4. Increasing investor confidence in the European market recovery
To capitalize on this bullish outlook, I'm employing a probability-based approach to enter long positions on GER30.
Take a look at these analyses to see the details behind this trade idea.
12M:
3D:
1H:
GER40 - Bearish TrendGER40 index is analysed on 4H chart with resistance and support plotted on daily time frame. There was a bearish divergence on 4H chart after which the trend has become bearish. I used Fib to test the level of retracement and the pull back was healthy. No bullish divergence is observed and I have planned my entry at the LL.
The Signal is:
EP: 18215.26
SL: 18705.21
TP1: 17725.31
TP2: 17235.36
DAX Index Recovers Its Losses!Following the release of the U.S. non-farm payroll report, which came in below expectations, market risk appetite weakened. The DAX index also accelerated its decline, targeting the 18,257 support level. Expectations for a Fed rate cut have strengthened to 50 basis points, while the ECB is expected to lower rates by 25 basis points at its meeting this week.
Technically, if the 18,285 level is broken on the downside, a pullback could extend first to the 18,075 support and then to 17,920. On the upside, if the price holds above the 18,500 resistance, buying could push the index first towards the 18,700 resistance and then to 18,900.
#GRE40(DAX)Hello Everyone,
I hope you're doing well. In My opinion, Today DAX could touch higher level again before diving to lower targets.
Pay attention please, this is not investment suggestion.
regards,
SHORT ON DAX AT 18483.75We found opportunity to short DAX at 18483
stop loss at 504.30
target 1 at 18437.20
target 2 at 18410.20
once it hit first target, cut 50% volume, bring stop loss to BE level. and focus on 2nd target.
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
Germany 40 is in a bullish trend, currently in a corrective phase with the price at 18,364, slightly above the VWAP of 18,184. Support and resistance levels stand at 18,184 and 19,055, respectively. RSI is at 46, indicating mild bullish momentum.
UK 100
UK 100 remains neutral, continuing its consolidation. The price is at 8,222, below the VWAP of 8,303. Support is at 8,163, and resistance at 8,443. RSI at 45 shows stable momentum.
Wall Street
Wall Street is in a bullish trend, though in a corrective phase after last week’s steep sell-off - the worst this year. The price is 40,463, below the VWAP of 41,001. Support is at 40,281, and resistance is at 41,721. The RSI of 45 suggests moderate bullish momentum.
Brent Crude
Brent Crude continues its bearish trend with fresh multi-month lows. The price is 71.83, below the VWAP of 76.36. Support is at 70.79, with resistance at 81.92. The RSI is 33, indicating strong bearish momentum.
Gold
Gold remains bullish, now in a corrective phase under a shallow down-sloping resistance. The price is 2,495, close to the VWAP of 2,504. Support is at 2,483, with resistance at 2,525. RSI is at 52, showing balanced momentum.
EUR/USD
EUR/USD stays in a bullish trend, but in a corrective phase. The price is 1.1074, under the VWAP of 1.1102. Support and resistance are at 1.1001 and 1.1203, respectively. RSI is at 53, indicating a potential for consolidation.
GBP/USD
GBP/USD continues in a bullish trend, now in a corrective phase with a bearish daily engulfing candlestick causing a fakeout over 1.32. The price is at 1.3114, under the VWAP of 1.3115. Support is at 1.2976, with resistance at 1.3278. RSI at 55 suggests ongoing bullish momentum.
USD/JPY
USD/JPY remains bearish in an impulsive phase. The price is 142.94, below the VWAP of 144.97. Support is at 141.85, and resistance is at 148.08. RSI at 37 reflects strong bearish momentum.
DAX H4 | Overlap resistance at 50.0% Fibonacci retracementDAX (GER30) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 18,658.25 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 18,900.00 which is a level that sits above the 78.6% Fibonacci retracement level and an overlap resistance.
Take profit is at 18,269.64 which is a multi-swing-low support that aligns with the 38.2% Fibonacci retracement level.
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9.9.24Sorry for the messy charts folks.
This week ahead we have heavy data in the middle of the week which I believe may influence the direction of the charts just to give confidence to market players that interest rates will definately be cut.
Right now on both charts we have strong bearish momentum for the meantime on both charts.
Last week us30 did not create any new highs as that was one of my targets but ger40 mad new highs before it come right back down.
I'll be interested to see US30 reach 39,999.99 and GER40 reach 18,006.4. Till then if I see any bullish price charts my bias will change
GERMANY 40 / DE40 Market Money Heist Plan on Bearish SideHola ola My Dear,
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This is our master plan to Heist GERMANY 40 / DE40 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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Stop Loss : Recent Swing High using 1H timeframe
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Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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DER30DER30 Broke its COCH broke its Structure, took out its Biasis now targeting the Liquidity below.
DE30 DAX Technical AnalysisWhen the DAX 8-hour chart is examined; It is observed that the price movements continue within the parallel channel. It is evaluated that the index price can target the 19,919 level by exceeding the 19,024 level in price movements above the 17,957 level, but it is evaluated that it can retreat to the 16,544 level by breaking the 17,022 level in price movements below the 17,957 level.
GER30 ICT AnalysisThis is the 4H chart of GER30 which shows potential bearish continuation. I dont really know if we are going to just drop but the aggression leaves a huge room of a retracement possibility
