Buy the dip on EU sharesDue to geopolitical and political uncertanties, we have seen declines EU stock market the last weeks. I think this could be a good place to start buying again for the longer run.
GER40 trade ideas
2024-07-03 - priceactiontds - daily update - daxGood Evening and I hope you are well.
dax
comment: Globex was the low of the day and bulls just bought relentlessly since the EU open. 3 doji bear bars on the 1h chart today will make follow through likely but we are again at the bear trend line in this big triangle and that line held 4 times now. Betting on a breakout is a losing strategy. Wait for it to happen and follow the market.
current market cycle: trading range (triangle)
key levels: 18200 - 18600
bull case: Bulls want to break above 18600 and out of the triangle. If they manage that, bears will likely give up and market is free to trade 18800 or 19000 again.
Invalidation is below 18500.
bear case: Bears need to prevent prices above 18630 and break outside of this tight bull wedge. Dax is in a trading range for 6 months and betting on a continuation of it, is far more profitable in the long run than betting on breakouts. R:R here is on the bears side but I would not think about shorts above 18500. So bears see an expanding triangle, a bigger triangle and a small bull trend that already had 3 pushes up. If they can’t turn it here, we will probably melt to 19000 like nasdaq did today. Since we are currently seeing a funny rotation between the markets, absolutely possible that liquidity will be shoved into Dax tomorrow for a breakout.
Invalidation is above 18630.
short term: Can’t be bearish after 2 strong bull days but I sure won’t be bullish at multiple resistances. I wait for strong buying/selling and follow the market. Can absolutely see this breaking to either side tomorrow. What I don’t expect is market to stall above 18500. Either down or up.
medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged
current swing trade: None
trade of the day: Long anywhere. Watch higher time frames because they left no doubt today. I made that mistake and could not get myself into longs. Bad trading on my end.
GER40 pull back?The private sector economy it's rising so we expect the pullback on the market before it rally's again
Bullish rise?DE40 has bounced off the pivot which has been identified as a pullback support and could potentially rise to the 1sr resistance.
Pivot: 18,044.34
1st Support: 17,951.32
1st Resistance: 18,271.05
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2024-07-02 - priceactiontds - daily update - daxGood Evening and I hope you are well.
overall market comment
Indexes - SP500 and Nasdaq had bull trends from the open and almost went up in one straight line on higher time frames. Both produced lower highs but given the strength of today, we can expect some follow through tomorrow. If bears somehow manage to reverse here and keep the lower highs, there is no reason why we can’t reverse to the lows of the week again. Market is all still inside their trading ranges and most breakout attempts fail.
Commodities - Gold is again not worthy to be written about. Oil touched the bear trend line today on relentless buying but market gave back around 150 points afterwards. All of my bullish targets are met here and market could very well begin forming a top here before trading lower again.
Bitcoin turned exactly where it had to and where my painting showed it would. There is a tiny bull trend line around 61500 and if that is broken, we will see 58000 or lower again. For the slight possibility that bulls turn this around again and stay inside the bull channel, they would have to break the bear trend line above 63000, which would then open up the road to 65000 again but I think this is very low probability.
dax
comment: 18300 is the most important price for dax for many days now. Today we sold off but market grinded higher to the 50% pb and that is around 18300. We have a decent bear channel which could hold and a third leg down would bring us to 18000 again. It’s still a trading range and a bigger third leg is lower probability. Markets usually have two legs inside ranges, so we could turn up from here to 18500 again. Neutral is the name of the game.
current market cycle: trading range
key levels: 18000 - 18600
bull case: Bulls need to break outside of the bear expanding triangle and their first target above is today’s open pricea t 18419. If they could do that, they will probably get to 18500 again. For now I think bulls are not good and they don’t have many arguments on their side.
Invalidation is below 18180.
bear case: Strong selling by the bears since EU open and market could not trade above the 1h ema the whole day. They want follow through tomorrow and keep the bear expanding triangle alive. Their targets below are 18100 which is where the bigger triangle bull trend line is. I don’t see them breaking it but if they do, obvious target below is 18000.
Invalidation is above 18400.
short term: Neutral between 18300 - 18370. Bearish below and bullish above (if bulls can break outside of the exp triangle).
medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged
current swing trade: None
trade of the day: Short since Globex or from the EU open. Low of last week was 18221 so a good place to look to take profits or exit shorts. Market turned at 18190.
Germany's DAX Threatening Big Break Below Trend SupportGermany's DAX index has had a solid 2024 so far, but the shine may be coming off the bullish technicals as we head into the second half of the year.
After hitting a record high near 19K in May, the index has seen its gains stall out. Prices retreated to bullish trend line support in mid-June, and with bulls failing to drive a convincing bounce off that level, the DAX is now at risk of a bearish breakdown below that level of dynamic support. A breakdown could target the March/April closing lows in the 17.7K zone next.
GER30 H4 | Potential bullish reversalGER30 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 18,050.68 which is a pullback support.
Stop loss is at 17,900.00 which is a level that lies underneath a multi-swing-low support and the 127.2% Fibonacci extension level.
Take profit is at 18,370.11 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
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De30German markert de30 bullish pattern show on my analysis, what do u think guys . If my analysis good hit like button & follow for more analysis,
Long term trade sl move down.
De30 German markert de30 bullish pattern show on my analysis, what do u think guys . If my analysis good hit like button & follow for more analysis,
2024-07-01 - priceactiontds - daily update - daxGood Evening and I hope you are well.
dax
comment: Funny thing for me is the fact that ath to June high is about 200 points, June to July high now is about 200 and low of the week was 200 points below that. Markets eh. 4h chart tells it the best I think. Market touched the big bear trend line from ath and was rejected heavily. Bulls have going for them that the higher lows getting higher and the trend lines steeper. Means we are forming multiple triangles, which confirms the obvious trading range. Breakout this week. Buckle. Up.
current market cycle: trading range
key levels: 18400 - 18632
bull case: Bulls making higher lows but every high is sold big time. Only questions imo is, when will they give up? By not with every 1h bar it get’s more obvious that this bull trend is on it’s last legs and if you bought longer term above 18000, you are not happy with the bear trend line. Higher high above 18600 was unexpected somewhat but turned where it had to. Bulls need a strong daily close above 18600 to make bears nervous. I expect another try at 18600 tomorrow or Wednesday.
Invalidation is below 18400.
bear case: Bears trapped bulls buying above 18500 but the sell off afterwards was not deep enough to make a good bear case out of this. Bears need start making lower lows and closing the bull gap to 18400 with a bear bar closing on its low.
Invalidation is above 18632 or a 1h close above the bear trend line.
short term: Neutral but if bulls manage to get a 1h close above the bear trend line, it could go much higher much faster.
medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged
current swing trade: None
trade of the day: Buy low, sell high and scalp. Best trade was shorting against the bear trend line 18600.
Dax 40 bullish Bulls are to take control of of the market in the near future if bears fails to drive the below the trendlines which marks major reaction zone
DAX to find support market price?DE30EUR - 24h expiry
Our bespoke resistance of 18366 has been clearly broken.
Previous resistance at 18325 now becomes support.
Preferred trade is to buy on dips.
The primary trend remains bullish.
Price action continues to trade around significant highs.
We look to Buy at 18325 (stop at 18215)
Our profit targets will be 18565 and 18635
Resistance: 18446 / 18500 / 18600
Support: 18325 / 18200 / 18100
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Germany 30Pair : Germany 30 Index DE30EUR
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Fibonacci Level - 38.20%
Exp Fiat in Short Time Frame
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 direction is set by the slope of the VWAP
Trend phase is determined by the current price relative to the VWAP (20) level
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 remains inside a tight sideways consolidation of its broader bullish trend, with the price increasing to 18,306, now below the VWAP of 18,240. Support and resistance levels have adjusted to 17,920 and 18,571, respectively. The RSI has increased to 49, indicating a slight moderation in upside momentum compared to the previous report.
UK 100 remains in the consolidation phase of a bullish trend, with the price increasing towards the June lows, and still below the VWAP of 8,195.2. Support has adjusted to 8,126, while resistance has decreased to 8,275. The RSI has decreased to 46, reflecting a moderation in momentum compared to the previous report.
Wall Street has made significant upside progress in the past 3 months - moving into a bullish consolidation phase, with the price recently increasing to 39,168, now above the VWAP of 38,925. Support and resistance levels have adjusted to 38,422 and 39,428, respectively. The RSI has decreased to 55, signaling a slight decrease in bullish momentum compared to the previous report.
Brent Crude has transitioned into a bullish trend and continues in an impulsive phase, with the price increasing to 85.43, now above the VWAP of 83.53. Support has adjusted higher to 80.24, while resistance has increased to 86.82. The RSI remains at 60, indicating a continuation of strong bullish momentum compared to the previous report.
Gold remains in a bullish trend trading sideways in a neutral consolidation since topping in mid-April, with the price recently increasing to 2,326, now around the previous VWAP of 2,325. Support has adjusted higher to 2,294, while resistance has decreased to 2,348. The RSI remains at 49, indicating a continuation of moderate momentum compared to the previous report.
EUR/USD remains broadly trendless with the price more recently increasing to 1.0755, now slightly above the VWAP of 1.0729 - and indicating a possible new phase of weakness. Support has adjusted higher to 1.0664, while resistance has decreased to 1.0793. The RSI has increased to 51, indicating a reduction in bearish pressure compared to the previous report.
GBP/USD remains in a neutral trend in a consolidation phase, with the price slightly increasing to 1.2669, now around the VWAP of 1.2690. Support has adjusted lower to 1.2600, and resistance has decreased to 1.2781. The RSI has increased to 47, indicating a moderation of bearish sentiment compared to the previous report.
USD/JPY remains in a bullish trend - having overcome the late April peak - and has just reentered an impulsive phase, with the price increasing slightly to 161.01, now above the previous VWAP of 158.59. Support has adjusted higher to 155.47, while resistance has increased to 161.72. The RSI has increased to 77, reflecting a strong increase in bullish momentum compared to the previous report.
Ger40 sellGer40 sell analysis got successful move towars sell side
What a move 👏
130 pips profit running 🏃♀️
I'm the best analyst in the field
Thanks to the followers
GERMANY 30 / 40 Bullish Money Heist Plan Trade setupMy Dear Robbers / Traders,
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GER30We looking for selling opportunities as we under the resistance zone which will result in sells since we are at the ceiling zone and the market is respecting it- 1H TIME FRAME
Is the German index unable to rise?📊In the four-hour time frame, due to the breaking of the upward movement pattern of the price downwards, if the range of 18100 units is broken and the price stabilizes below it, the price may fall to the range of 17900 units🎯, and in the case of the strength of the range of 17700 units🎯🎯.
📊Otherwise, the possibility of price increase up to the range of 18600 units.
#202427 - priceactiontds - weekly update - daxGood Day and I hope you are well.
dax cfd
Quote from last week:
comment: Sell vacuum theory was spot on. Bears printed 2 big good looking bars right to huge support and got no follow through. Bulls used it to trade back at least to the daily ema and 2/3 of the move. Huge price level around 18400/18450 with the ema. Bulls want above to test upper expanding triangle around 18600 and bears want a bigger second leg down to 17600. Both completely valid arguments and I will wait for a clear breakout before following.
comment: Market was completely neutral past week. Let’s look at the weekly chart and what it tells us. 5 Week selloff and now 2 bull weeks and past week was as neutral as it gets. Tells us that the market is in balance and does not know where it will go next. We can draw multiple bad bear trend lines and all are valid until broken. Does not help with trading at this price. Since we have a decent bull support line from the April and June low, we know that the market is in a triangle and the middle is most likely around 18300. As long as market is coming back to that price, you buy low and sell high. Since market is also staying above the weekly 20ema, bears are not favored to suddenly break below it. It’s also trading below the daily 20ema and did not have a daily close above it for 12 trading days. It’s a trading range near the ath, where the market is compressing and will soon see a breakout.
current market cycle: trading range - go look at the monthly chart. It’s a clear 4 month trading range. —unchanged
key levels: small range 17600 / 18500
bull case: Bulls want to break above 18500 to retest the other bear trend lines above.
Invalidation is below 18200.
bear case: Until bears can print consecutive bear bars below 18000, this market is still in BTFD mode and won’t go down further.
Invalidation is a 1h close above 18550.
outlook last week:
“ short term: Neutral again. Need to see a clear winner here at the daily 20ema for the next direction.“
→ Last Sunday we traded 18367 and now we are at 18417. High of the week was 18542 and the low was 18221 so my outlook was spot on.
short term: Can’t be anything but neutral again. Bears managed to stay below the daily 20ema but bulls bought the weekly 20ema. Trading range price action. Will get a breakout soon.
medium-long term: 17000 over the next 3-6 Months and when we get there, I update again. —unchanged
current swing trade: No big move caught. Will look for follow through selling on Monday and would swing a position then.
Chart update: Adjusted bear wave series to match the current sideways movement.
