DAX Elliott Wave Analysis for Thursday 16/11/2023In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.09:02by AndyCuckoo2
Seeing daily bullWe broke out of the bearish flag and gave us a continuation correction to the upside so we entered after the correction GLongby tshepokgasi110
DAX Elliott Wave Analysis for Wednesday 15/11/2023In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.08:56by AndyCuckoo4
DAX Short Looking to short the Dax from around 15550. Confluences- Big 50% Fibo Intra Key Level. TP 1 I will be removing most of the position as I am not sure if it will continue down from this point and TP2 I will close fully. Will look to see if other Indices are lined up to a tradable area if the Dax reaches there. Shortby FalkenFx2
DAX a buy to resistance after brake trend line i think it goes to test the Resistance price.Longby aminrichman1
DAX Elliott Wave Analysis for Tuesday 14/11/2023 (+ Higher TF)In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B can unfold as an ABC or WXY structure. We favor the WXY structure. 18:11by AndyCuckoo0
DAX Watch this low risk November trading plan.It's been a bit long since we last took a trade on DAX (DE40) but it didn't disappoint as it hit both our buy and sell targets (see chart below) within the 3-month Channel Down: The rebound took place within the 6-month Support Zone and slightly under the 1W MA100 (green trend-line), similar to the March 20 rebound. The fractals are identical as they both rebounded aggressively, indicating strong demand inside the Support Zone. Both also formed a strong 1D MACD Bullish Cross straight after they bottomed. The price is now on the 1D MA50 (blue trend-line) at the top of the Channel Down, and the last two days failed to close the 1D candle above the MA50, despite breaking it. The Resistance pressure is getting stronger since this is also the 0.382 Fibonacci retracement level from the July 31 top. As a result, we are willing to sell the Lower Highs top of the Channel Down and target 15050 (can go even to the 0.618 Fib level but we seek short-term exposure for now) but only as long as the candles close below the 1D MA50. Upon the first 1D candle closing above the 1D MA50, we will take the loss and resume buying, targeting the 1D MA200 (orange trend-line) at 15635. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot3318
GERMANY 30Pair : Germany 30 Description : Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Completed the Retracement. If it Breaks the Daily Descending Trend Line and Retest then Buy otherwise it will Complete its " 5th " Impulsive Wave Entry Precautions : Wait for the Breakout or Retestby ForexDetective4
GER 30 - Expecting some bearish price action this week TVC:DEU40 GER30 is delivering bullish PAs inside a monthly imbalance so I am long term bullish. However, I am expecting some pullbacks into some discount.GShortby Tick-Profits3
Almost 10'000 Days of divergences for the DAX.1st July 1997. The DAX made a all time high RSI value of 92.98. Ever since each high the DAX has made has had a price high whilst the RSI being considerably lower. Ever so recently the DAX Made a double top with a lower histogram on the MACD indicator suggesting that momentum has slowed. With divergences on such a wider timeframe this usually means a change in momentum for quiet some time. MACD histogram being one of the strongest signals one can rely on. This suggest that the price of DAX index may suffer as the US economy heads into a recession. Germany already suffered from 3 consecutive quarters of Negative GDP Growth. If this chart is correct and it is expected that the DAX will suffer further decline then a interesting comparison would be to compare the DAX/SPY to see if it is expected to overperform as a comparison. Upon analyzing this comparison it has come to my attention that recently the DAX/SPY had bounce of the standard 2 deviation from its long term regression trend. As seen here. More to my attention it currently has retraced to the local 0.5 Fibonacci Retracement Level If it does not find support hear and follow through on its inverse H&S pattern due to US seasonality in markets it may just find support on its 2nd Standard deviation and still form a little less obvious H&S. A recent example of this pattern was displayed in another major indices. The Nikkei 225. However this comparison inclining was a result of the Nikkei inclining I do not expect the DAX/SPY comparison reverting to its mean as a result of this. Due to macro economic factors of less GDP expected for Germany and a slow down in the US Economy. It may be expected that the DAX touches its second standard deviation one last time before the end of this market downturn. Which may lead to another yet but 25% retracement. Shortby Ryan1993Updated 1
GER40🤍🔥Let the trend be your friend 🔥🔥 A sweet BULLISH awaits us.. Let trade GER40🤍Longby GEMINIFOREXTRADE0
Let's just see what happensThe market is not giving any real signals and a real bull trend cannot be identified. But if I had to pay my rent tomorrow, then this would be a possible but definitely risky optionLongby ralffritz21110
GER30 (DAX) - Short active ✅Hello traders! ‼️ This is my perspective on GER30. Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for a short position. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block. Like, comment and subscribe to be in touch with my content!Shortby Snick3rSD9917
Short on Ger30 There's a third touch and a close below resistance on 4H. stop loss above resistanceGShortby Fanel_theTrader112
10112023 - #DAXDAX seemed to have gain strength as it is relatively strong yesterday; basing off the PZ and going to new highs. But US weakness resulted in DAX pulling back also. Are we going to get a next leg down now? TBH US indices are more bearish and definitely oversold and thus many would likely be looking for further downside continuation today for US indices. But IMO, DAX's closure yesterday is not bearish, or even somewhat bullish. Price is between PZ and DBZ, which is neutral to bullish. Overall, I would say to look for further upside; with 15195 as a low risk level to go long, for a move back to yesterday's high (15359) and even further to 15411. Longby FadeMeIfYouCan0