Intraday Update: After hitting the 127% extension this week, the German DAX may be at risk of testing the breakout point at 18568 which traders will be watching for a close above/below for the week.
With the remarkable surge of the past few weeks, the DAX nearly reached the 19,000-point mark. However, just before reaching it, the momentum faded, leading to a period of weakness. Now, a strong hammer candlestick is visible in an important support area. Therefore, it can be assumed that the correction is now coming to an end and the DAX will once again approach...
DAX (FDAX1!) gave as an excellent sell opportunity last month (April 11, see chart below) that hit the 17700 Target and shortly after rebounded: The index yet again flashes a sell signal as the price got rejected yesterday exactly at the top (Higher Highs trend-line) of the 1.5 year Channel Up. In symmetrical terms, this is similar to the Higher High...
negative divergence major resistance around 19000 decreasing in volume the most estimated scenario support the droop to 18300/17600
Good Evening and I hope you are well. overall market comment Bulls rallied to another ath where many of them took profits and bears began shorting after a lower high. The selling on bigger volume into the close is a sell signal going into tomorrow. Bulls have to break out of the formed bear channels to make bears doubt the highs might be in. Since tomorrow is...
Pair : Germany 30 Index Description : Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Completed " 12345 " Impulsive Waves Resistance Level
Hello awesome traders, let's have a look at the DAX. I have a new analysis today as the previous exchange seems to be shut down. Here are the details: The DAX on a weekly chart is trading a cup and handle pattern, and the price is now trading below near the target zone 1 at 62%: 19078.70. After a successful breakout from 16305.21, the target zones are as...
Ger30 morning Trade TP and SL are set find your entry if you are late
DAX (GER30) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 18,737.91 which is a pullback support. Stop loss is at 18,600.00 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level. Take profit is at 18,992.91 which is a level that aligns with the 127.2%...
clear impulse correction impulse in a weekly ascending channel
Price is rising towards the pivot and could potentially drop from this level to the 1st support. Pivot: 18,848.30 1st Support: 18,545.10 1st Resistance: 18,990.82 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...
We've reached a new high at the end of the past week. This week the market seems to be waiting, taking breath. This may mean that at the moment there is no immediate buying interest. An upcoming profit taking may lead to a sharp drop. After such a sharp rise it is not unusual that some profit taking of short term oriented market participants will take place.
This day we face inflation data in several euro zone countries, including Germany. In the American session, ECB member Isabel Schnabel will issue a statement. The German representative argues that rates should be maintained as they are at least until June, but it remains to be seen whether the presidency will heed the recommendations of the Executive Board. As...
Le Dax est Bullish pour un moment, nous devons donc chercher des positions long dans un premier temps. Le FVG Daily ci-dessous est également intéressant pour le prix. Donc il faut agire aec prudence et rester dans les HTF
Short Term Elliott Wave in DAX suggests that the Index ended wave (4) pullback at 17626.54. From there, it rallies higher in wave (5) as a nesting impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 18226.32 and dips in wave ((ii)) ended at 17795.96. The Index then nested higher within wave ((iii)). Up from wave ((ii)), wave (i) ended at 18235.80...
ger40 taped into the demand zone 15 choch 1m choch entry on fvg
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. *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 and Elliot waves Support & Resistance are set by the...
Global equities are back pursuing new highs in force. European indices have been standing out in the past week with the FTSE 100, DAX 40 and EURO STOXX 50 all beating the performance of US equities. The outlook seems brighter in Europe as growth has remained positive in the first quarter of the year and that has been driving the push higher. The DAX 40 has...