Perfect buy entry in Germen-30 base on ict conceptPerfect buy entry in Germen-30 base on ict concept
* day order block
* order block inside weekly fvg
* market left above double equal liquidity.
DE40 trade ideas
DAX to turnaround?DE30EUR - 24h expiry
We are trading at overbought extremes.
A higher correction is expected.
Short term momentum is bearish.
Short term oscillators have turned negative.
Offers ample risk/reward to sell at the market.
A break of the recent low at 21166 should result in a further move lower.
We look for losses to be extended today.
We look to Sell at 21249 (stop at 21351)
Our profit targets will be 20961 and 20881
Resistance: 21250 / 21370 / 21531
Support: 21166 / 21100 / 20950
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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GER40-SELL strategy 3 hourly chartIt has move from a peak of 21,520 to now currently 21,173 (so far), and the shorts I have taken back and will re-sell again at 21,250 - 21,300 if seen. Overall see 20,900 test en route 20,575 possible.
Strategy SELL @ 21,250-21,300 when seen.
15k Profit on automation to start 2025!Here’s the truth most traders won’t admit: manual trading is dead.
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And now, you can too. My automated strategy on DE40 isn’t just profitable—it’s a weapon. It’s made 77% profit in the last 12 months, has a 67% strike rate, and keeps drawdown under 3%. And the best part? It’s 100% automated. TradingView does the heavy lifting, sending trades to MT4 while I live my life.
Yes the above sounds a little extreme to some of you reading this but its the truth!
The way i see it is, why waste my time doing something that technology can do for me 🤷🏻♂️
2025-01-23 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: Bull channel continues and we are at the top again. At this point it’s possible this spikes above the channel to print 22k. Wild to live through this tbh. 21700 likely next, bears need something below 21500 and then 21380. It’s beyond climactic and overbought.
current market cycle: bull trend - blow-off top
key levels: 21200 - 21700
bull case: Bulls are in full control. No one know’s where it stops. Look for longs. Nothing new to report. Channel is holding and we are just moving higher without much resistance. Nothing changed. Again.
Invalidation is below 21300.
bear case: Bears need to start closing the gaps. This also has not changed. The bullish channel lives and until we break out of it, there isn’t much to analyse. All of my bullish targets are met and this looks just like the climactic end but who know’s where it will stop… Bears have nothing to think about here. Way too early for any short.
Invalidation is above 21700.
short term: Bullish until bears do more. Trade the channel.
medium-long term from 2024-01-23: Market hit 21600 and now it’s about being patient until we sell-off again. I won’t be picking tops again. I just wait now.
current swing trade: None.
trade of the day: Buying near the 1h 20ema as mentioned the last couple of days.
DAX Trade Recap!Sniped a perfect entry using the WiseOwl Indicator and caught the bullish momentum at just the right time. 🔥
Current Status: Floating at +9RR 🚀
Took 50% partials and holding the rest for much higher targets.
The structure was clear and bullish, making this setup a no-brainer.
Momentum is still strong—let’s see how far this one can run!
How did your week of trading go? Let me know in the comments! 💬
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.
*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).
---------------------------------------------------------------------------------------------------------------------
Analysis
Germany 40
The Germany 40 is in a robust bullish impulsive phase, trading at 20,916, significantly above the VWAP (20) level of 20,265. Key support is established at 19,535, with resistance at 20,995. With the RSI soaring at 78, the market is approaching overbought conditions, underscoring strong upward momentum.
UK 100
The UK 100 has made a major breakout with a bullish and impulsive tone, currently trading at 8,517, comfortably above its VWAP (20) of 8,266. The support level is defined at 8,022, while immediate resistance lies at 8,500. The RSI of 75 signals bullish momentum, affirming the prevailing trend.
Wall Street
Wall Street’s bullish trend looks like it could be about to resume after a long correction. Trading at 43,520, the price is above the VWAP (20) of 42,633. Support is noted at 41,720, while resistance is placed at 43,600. With the RSI at 60, the correction could provide a setup for continued bullish momentum.
Brent Crude
Brent Crude’s bullish impulsive movement persists as it trades at 7959, comfortably above its VWAP (20) of 7753. Support is set at 7250, while resistance is capped at 8,256. The RSI at 61 indicates firm momentum, albeit down from overbought territory.
Gold
Gold’s neutral consolidation phase is just about intact after a bullish push, with prices at 2,711, marginally above its VWAP (20) of 2,661. Support is seen at 2,596, and resistance is nearby at 2,727. The RSI at 62 suggests balanced conditions, with a slight tilt toward bullish activity.
EUR/USD
EUR/USD remains in a bearish impulsive phase, trading at 1.0319, just below its VWAP (20) of 1.0310. Support is identified at 1.0216, while resistance is noted at 1.0417. The RSI at 46 reflects continued bearish momentum without immediate oversold conditions.
GBP/USD
GBP/USD is entrenched in a sharp bearish impulsive move, trading at 1.2199, well beneath its VWAP (20) of 1.2352. Support is established at 1.2066, with resistance higher at 1.2637. With the RSI at 33, the pair is nearing oversold levels, hinting at potential consolidation coming next.
USD/JPY
USD/JPY is in a bullish correction, trading at 156.38, slightly below its VWAP (20) of 157.33. Support is anchored at 155.03, and resistance is positioned at 158.81. The RSI at 48 denotes neutral momentum, aligning with its corrective phase.
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.
*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).
Analysis
------------------------------------------------------------------------------------------
Germany 40 continues its bullish correction phase, currently trading at 20,061, just below the VWAP (20) level of 20,100. Key support lies at 19,751, while resistance is identified at 20,427. The RSI at 50 suggests neutral momentum, matching the pause in market direction.
UK 100 remains neutral within its consolidation phase, trading at 8,214, slightly above the VWAP (20) of 8,190. With support at 8,083 and resistance at 8,322, the RSI at 50 reflects balanced momentum, maintaining a range-bound outlook.
Wall Street is on the cusp of a bearish reversal but for now we are assuming it is just a correction within the broader bull market. The index is priced at 41,817, below the VWAP (20) of 42,658. Support is positioned at 41,810, and resistance is at 43,496. The RSI at 28 indicates oversold conditions, which could mark the end of the correction.
Brent Crude has made a swift transition into a bullish impulsive phase, trading strongly at 8049, well above the VWAP (20) of 7533. Support is set at 7031, and resistance is at 8040. The RSI at 76 points to overbought momentum, adding confirmation to the bullish trend.
Gold is looking more bullish but holds a neutral stance for now, trading at 2,686, pushing above the VWAP (20) of 2,640 and into the upper band. Support and resistance are at 2,586 and 2,690, respectively. An RSI of 60 highlights the slightly bullish momentum, in line with the price action.
EUR/USD persists in its bearish impulsive trend, trading at 1.0218, below the VWAP (20) of 1.0352 - a fresh multi year low. Support is around current levels, and resistance is identified at 1.0489. The RSI at 31 suggests near oversold conditions, signaling little evidence of any bullish turnaround.
GBP/USD is falling like a rock - continuing its bearish impulsive move, trading at 1.2130, significantly below the VWAP (20) of 1.2453. Support stands at 1.2180, while resistance is found at 1.2726. The RSI at 30 reflects oversold momentum, aligning with continued bearish sentiment.
USD/JPY is trading in a tight correction within its bullish trend, trading at 157.36, aligned with the VWAP (20) of 157.40. Support is noted at 156.58, and resistance is at 158.27. The RSI at 56 indicates flat momentum.
DAX H4 | Bullish bounce off overlap support?DAX (GER30) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 20,069.07 which is an overlap support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 19,800.00 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is at 20,418.50 which is a multi-swing-high resistance.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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4-hr German40: 400 Points Drop, If a Key Support Fails The German DAX 40 has formed a Double Top, a classic bearish signal, triggering a 300-point drop. The RSI points downward, indicating strong selling pressure, but remains above oversold territory, suggesting further downside potential. The broader international stock market sell-off supports this bearish outlook. The Golden Cross pattern has been invalidated by the prevailing downward momentum. Immediate support is found at the 23% Fibonacci retracement near 20,090, which aligns with the 60-period MA, forming a critical level. If this support fails, a deeper decline towards 19,600 is highly probable. This zone coincides with the 50% Fibonacci retracement, a key level that acted as a reversal point in December. For sellers, 19,600 serves as a strong target for take-profit, given its technical significance and historical relevance.
DAX/GER - time for LONGTeam,
DAX price at 20179
we should enter slowly at 20182-20172
tight stop loss at 20154 or extend to 20135
Target 1 at 20215-20236
Target 2 at 20252-20283
NOTE: Once the price hits the 1st target range, take partial and bring stop loss to BE.
The real market opens in an hour, and some support should be available.
The consumer price index is coming out in a few hours.
GER30We looking for selling opportunities as the market has broken outside the bullish momentum resulting in a change of trend leading to sells to the downside| 1H TIMEFRAME
#202502 - priceactiontds - weekly update - daxGood Evening and I hope you are well.
comment: Neutral. Big bull wedge or ascending triangle (does not matter which way you see it, both are correct) on the daily chart and we are in the middle of it. I do have a heavy bearish bias for dax but since we only printed 2 bear bars for the past 11 trading days, it’s not useful to be bearish. I do think it’s more likely we see 20100 and the top is in but I don’t expect US indexes to go down much more next week, so having a bearish bias might not be the most useful thing. We can’t expect the bull trend line to break on the next hit, given the recent bullishness, so my base assumption is a week inside the triangle and more chop.
current market cycle: Bull trend or trading range. Only a daily close below 19600 would be my confirmation for the trading range.
key levels: small range for next week is 20000 - 20500 and big range for Q1 is 19400 - 20500
bull case: Bulls are still in control but have only seen rejections above 20400. They probably want to buy closer to the bull trend line and daily ema before they try another run at the ath 20522. We are close enough to it, that it’s possible we make another ath but the upside is most likely very limited. Bulls got their retest of the ath and made a lower high, all bullish targets are met and the retest-gods are pleased. Market is free to do whatever.
Invalidation is below 19600.
bear case: Bears kept shorting new highs and made money but they have not going much for them until they can break below the current bull wedge/triangle. As much as I want this to crash to 19000, bears are weak. Best outcome for next week would be if we stay below 20400 and close the week at or below 20000.
Invalidation is above 20550.
short term: Neutral. No interest in buying this and will continue to scale in and out of shorts. I would like to see 20000 next week.
medium-long term from 2024-12-22: Any short near 20000 is reasonable if you can hold for another 1000 points higher. 17000 is much more likely than 21000 though. My first target for the next months is 19000, followed by 17700ish and ultimately down to 16000-16300 in 2025.
current swing trade: Continuing with scaling in and out of shorts. Currently holding a position with entry 20424 on futures (135 points above xetra).
chart update: Added bear gap and still having my preferred path down as a two legged correction down to 19000.
Confluence of Bearish Gartley 222 and Head & Shoulders When I saw this I believed it was a powerful confluence but up to until now it seems the market has other ideas.
Its a head and shoulders at the top with a gartley 222 butterfly pattern. these patterns have only managed to produce further accumulation with no significant drops.
It looks like my confluence will fail. Trade what you see and practise sound money management.
Falling towards 50% Fibonacci support?DAX40 (DE40) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 20,103.77
1st Support: 19,782.76
1st Resistance: 20,493.34
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Technical Analysis for GER40 (DAX) for January 13-17Overall Trend : On the daily chart, PEPPERSTONE:GER40 ( XETR:DAX ) has been exhibiting a bullish trend, operating within an ascending channel. We are currently at the 50% mark of the ascending channel, a point of indecision at the moment, as signs of exhaustion are observed following significant upward movements, suggesting a potential short-term consolidation or correction down to 20,005 if the support area is breached.
Support and Resistance Levels:
Resistance 1: 20,872 points
Resistance 2: 20,474 points
Support Area 1: 20,077 - 20,198 points
Support 2: 20,005 points
Chart Patterns and Technical Indicators:
Candlestick Patterns: Recently, indecision patterns such as dojis have formed on the daily chart, indicating a possible reversal or consolidation.
RSI (Relative Strength Index): The daily RSI is near the overbought zone, suggesting that the asset may be overvalued and subject to a correction.
Wyckoff Analysis: A potential distribution phase is observed, where major players might be taking profits after the recent rally, preparing the market for a possible reversal or sideways movement.
Relevant Fundamental Factors: The German economy faces significant challenges, with a growth forecast of only 0.1% in 2025 after two years of contraction. Additionally, the recent political crisis has resulted in the collapse of the governing coalition, increasing economic and political uncertainty in the country.
Possible Scenarios:
Bullish Scenario: If the price breaks above the 50% mark of the ascending channel with significant volume, it may target the next resistance at 20,474 points. To confirm the continuation of the bullish trend, it is important for the RSI to remain at moderate levels, avoiding the extreme overbought zone.
Bearish Scenario: If the price loses the support area, it may accelerate the decline towards the next support at 20,005 points. A descending RSI would reinforce this scenario, indicating increased selling pressure.
DAX/SPX - long - increase of approx 50%DAX/SPX 'crashed' in March 2003 and then a higher low was created in February 2022. You see an upward trend – just like before from 1992 and (also) 1980 – with the yellow line being respected again (touched in November 2024). The yellow lines are exactly the same. I expect the top of the channel to be touched, so around 5. From the current level, that is an increase of about 50%.
We are on the eve of 1995, i.e. a rising stock market (final phase of the long-term bull market), but EU indices will overtake US indices for the time being.
See also my other idea, you see the same with AEX/SPX. European indices are lagging behind those of the US.
DAX H4 | Approaching all-time highDAX (GER30) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 20,510.80 which is a multi-swing-high resistance.
Stop loss is at 20,800.00 which is a level that sits above the 127.2% Fibonacci extension.
Take profit is at 20,013.22 which is an overlap support that aligns close to the 61.8% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GER40: German Data and China Security RequirementsThe DAX, Germany's benchmark index, faces pressure from both economic data released this morning and China's new regulatory policies that directly affect European companies with operations in the Asian giant.
Impact of economic data in Germany
The economic data released reflects a cooling in the German economy, especially in exports (-2.9%) and industrial production (-1%). This particularly affects exporting companies, a key component of the DAX, such as Volkswagen, Siemens, and BASF, whose revenues are highly dependent on foreign demand.
Economic highlights:
1. MoM imports (November):
o Result: -0.1% (previous: 0.7%, expected: -3.3%).
o Imports show a slight contraction, indicating lower domestic demand for foreign goods. This can be interpreted as a cooling of the local economic activity.
2. Trade balance (November):
o Outturn: €13.4B (previous: €14.8B, expected: €19.7B).
o Although the trade surplus remains positive, it is below expectations, reflecting a drop in net trade due to a decline in both exports and imports.
3. MoM Exports (November):
o Outturn: -2.9% (previous: 2.0%, expected: 2.1%).
o The significant drop in exports indicates weaker demand from Germany's trading partners, which could be a reflection of a tougher global environment, especially in sectors such as automotive and machinery.
4. Industrial Production MoM (November):
o Outturn: -1% (previous: 0.5%, expected: 1.5%).
o Industrial production shows a larger-than-expected contraction, underscoring the weakness of the manufacturing sector, traditionally a backbone of the German economy.
China's regulatory requirements and their impact on DAX companies.
The German Index (Ticker AT: GER40), which represents leading German stocks, shows mixed performance today, influenced by the release of key economic data from the Eurozone and Germany. The results reflect signs of a slowdown in the industrial and commercial sector, which could lead to market volatility.
New security laws in China are forcing European companies to 'silo' their operations in the country, generating higher operational and strategic costs. This has significant implications for strategic sectors such as automotive, pharmaceuticals and technology, which are highly represented in the DAX:
1. Manufacturing and automotive sector (Volkswagen, BMW, Daimler, Siemens, BASF):
o Companies are seeing how their subsidiaries in China must operate more independently, which increases regulatory compliance costs and reduces the efficiency of supply chains.
o Uncertainty about what constitutes a “security risk” in China affects the ability of these companies to plan long-term investments.
o Industrial companies such as Siemens, BASF and Volkswagen are showing declines due to the contraction in industrial production and exports. This economic data today can be interpreted as a sign of weakness in the German economic recovery.
2. Export Sector:
International trade-oriented companies, such as Daimler and BMW, could face further pressure from falling exports, especially in key markets such as Asia and the United States.
3. Financial sector:
Banks such as Deutsche Bank and Commerzbank are stable as the data does not directly affect the financial sector, but the overall macroeconomic environment may influence their long-term projections.
4. Technology sector (Infineon, SAP):
o Technology companies are particularly exposed to the need to adapt their products and services to local regulations, which could limit their global competitiveness.
5. Pharmaceutical sector (Bayer, Merck):
o New regulatory requirements and lack of clarity on “made in China” labeling could limit access to public tenders in the country, affecting growth in a key market.
Overall implications for the DAX.
- Increased costs: Compartmentalization of operations implies additional costs in logistics, compliance and duplication of resources.
- Investment concerns: Companies could reduce their exposure in China due to regulatory uncertainty, impacting their growth prospects in the medium to long term.
- Impact on market sentiment: Sectors more exposed to China, such as automotive and technology, could see further pressure on their share prices, affecting the DAX's overall performance.
DAX technical outlook:
- The DAX has traded in a range these days between 20,384.43 and 20,241.58 points during the first hours of trading in a distribution phase. The current appearance of the long-term chart being a consolidated uptrend from January 6 with an uptrending crossover of averages.
- Key resistance at the Check Point (POC): 19,923.05 points on the daily chart, the last accumulation zone, a level to which the index could return if the economic data continues to disappoint, completing the corrective phase.
- Immediate support: It is located at the bottom of the range (20,241.58 points), which acts as a psychological barrier against further declines.
- Expected volatility: The RSI is at 48.54% in the middle zone. The combination of weak economic data and regulatory tensions in China could lead the index to test support levels in the coming sessions.
Conclusion
The DAX faces a challenging environment due to domestic economic weakness and external complications in key markets such as China. While global markets remain mindful of monetary policies, the lack of momentum in key sectors in Germany could limit the index's performance in the near term. Investors will be watching how companies adapt their operations to new regulatory requirements and upcoming macroeconomic data and statements from the European Central Bank, especially regarding the outlook for growth and monetary policy that could influence the index's outlook.
Ion Jauregui - ActivTrades Analyst
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Bullish bounce off pullback support?DAX40 (DE40) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 20,103.77
1st Support: 19,782.76
1st Resistance: 20,493.34
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
DAX LOCAL SHORT|
✅DAX is going up now
But a strong resistance level is ahead at 20,530
Thus I am expecting a pullback
And a move down towards the target at 20,180
SHORT🔥
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GER40 SHORT SETUPGER40 has broken the intermediate 2H trend line after facing rejection near its ATH.
The market remains bullish but a short term short is on the horizon now.
The 50EMA on the Daily provides strong support to this market. We wait for a Bearish sign on the LTF to enter our shorts our wait for a retest of our intermediate Trend line on the 2H and rejection to enter shorts. With out Target being 19600-19800.
