GER40 /German 40 Index - Near To a Strong Resistance Zone
Ger40 is testing a strong monthly zone increasing the chances of a bearish correction over the next few days.
It is a very risky trade as we still do not have any clear confirmation.
However, given the importance of this area, it is likely that the bears may rise in number by pushing the price...
If risk sentiment improves we can see more upside for the dax.
We have BOE rate decision this week that migh affect the trade.
I market the potential profit taking levels at session highs.
Have a great week!
Hello there,
let´s keep this short!
I observed higher lows, while the Relative strength of the market shows Higher Low´s as well!
This is actually a good sign and looking through my binocular, the coming decade looks pretty bright to me!
We have a huge dip of 35%, triggered by the corona virus covid-19.
The financial crisis is here and it harms economy,...
DAX 40 (DE40) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support level.
Pivot: 18,539.83
1st Support: 18,239.12
1st Resistance: 18,700.00
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...
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
Selling Ger40. this is an extreme trade idea please do not take it unless you understand the logic. looks great to me for a setup to the downside . lets see whow this plays out
📊 In the four-hour time frame, due to the reduction of the upward movement momentum of the price, if the upward movement trend of the price is broken and the price stabilizes below the range of 17,900 units, there is a possibility of the price falling to the range of 17,750 units🎯🎯, and in case of strength, there is a range of 17,550 units🎯.
📊 Otherwise, the...
The DAX (DE40) could fall towards the pivot which has been identified as a pullback support. Could this index potentially bounce off this level to rise towards the 1st resistance?
Pivot: 17,737.30
1st Support: 17,004.20
1st Resistance: 18,534.90
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
DAX40 H4
Something new added to the watchlist here as we see DAX40 index fund trading around ATH price. This ATH price also ties in nicely with our 18500 psychological price. A good area of confluence.
We have also extended in excess of 600 points to the upside, without any real corrective play. Eyes peeled for some price action exhaustion around this price.
- The market has been trading below a bearish trendline in the first part of April, correcting the rally started at the beginning of 2024. The short-term trend was then bearish.
- More recently, and since the impact over 17,480pts (50% Fibonacci), the German index has invalidated its short-term bearish trend.
The market has registered a sharp rebound leading...
Technical Analysis for GER40 (DAX/GER40) Bollinger Bands Breakout:
The GER40 (DAX/GER40) is showing signs of a potential breakout from the Bollinger Bands, indicating increased volatility and potential trading opportunities.
Key Levels:
Resistance: The resistance level is identified at 18832.01. This level represents a price point where the upward movement of...
overall market comment
I was clearly wrong with the bearish reading and bulls got another strong day and closed at the highs. Strong buying signal going into tomorrow for at least a bit more upside but we got so far, there is no reason why can’t make another couple of points to retest the all time highs now, where I expect sellers to step up again and bulls to...
DE40 chart is showing completion of crab pattern.
With the help of crab pattern we have identified the PRZ at which we can observe divergence which is also indication of trend reversal so we can take entry at the break of previous HL.
Hey there,
a CUP & HANDLE is forming up, which could lead GOLD into a downtrend (since the CUP formed already). If you are new to this, feel free to check out my Videos and charts about Cup $ Handle, which are explanationary and educating.
In addition to the overall fear and uncertainity in the markets, especially with an eye on corona virus, people are...
Start 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.
Trend direction is set by the slope of the VWAP
Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves
Support & Resistance are set by the StdDev...
Price has finally broken a W CONSOLIDATION ZONE that started on 12/4/23. Looking for price to retest the consolidation zone + the mid point of the bullish M channel and then continue bullish.
We looking for selling opportunities as we still below the resistance zones and we are still having a bearish falling expanding wedge resulting in sells
