Helloo Traders:)
DAX has already double-tested the lower limit of VWAP -1, accepting this level twice with a dynamic break to the upper limit of VWAP. Currently, the session closed above the level of the lower line VWAP. What may announce another positive break towards the upper limits of the VWAP. Opening a long position after Heikin Ashi generates...
GER40 - 24h expiry
The primary trend remains bullish.
We look to buy dips.
We are trading at oversold extremes.
50 1-day EMA is at 16050.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We look to Buy at 16051 (stop at 15951)
Our profit targets will be 16301 and 16351
Resistance: 16150 / 16250 /...
From the previous trade analysis on DAX, it hit our target of 16,333.
This was due to a Falling Wedge along with a Reverse Cup and Handle pattern.
Since then, the price has moved into a consolidation period where the price was fighting between the bulls and bears.
And guess who is winning? The bulls again.
There has been a smaller pattern form called a...
GER40 - 24h expiry
Short term oscillators have turned positive.
Previous resistance at 15750 now becomes support.
The primary trend remains bullish.
Prices have reacted from 15450.
Trading volume is increasing.
We look to Buy at 15741 (stop at 15641)
Our profit targets will be 15991 and 16051
Resistance: 15851 / 15900 / 16000
Support: 15800 / 15750 /...
Dax has been trading higher since October 2022 but five waves up from that low suggested that bulls are done for now and that correction is in play. In fact, we have seen a nice reversal down recently, through the trendline support on the 4h chart so the corrective phase is here, but with three waves down from the top, we may start observing some of the support...
DAX formed two powerful patterns.
The bigger one was a Falling Wedge & the smaller one was a Reverse Cup & Handle (Which I believed I made up, in case you go Google and not find it :P)
The price broke up and headed straight to the top of the wedge which is a decent target for the pattern.
7 >21 >200
Target hit at 16,333
Now this trade was a tough one...
GER40 - 24h expiry - We look to Buy at 15921 (stop at 15841)
Daily signals are bullish.
The primary trend remains bullish.
Previous resistance at 15900 now becomes support.
We are trading at overbought extremes.
A lower correction is expected.
We look to buy dips.
Our profit targets will be 16121 and 16171
Resistance: 16010 / 16100 / 16200
Support:...
GER40 - Intraday
Broken out of the channel formation to the upside.
Trades at the highest level in 13 months.
Price action continues to trade around the all-time highs.
A lower correction is expected.
20 4 hour EMA is at 15525.
We look to buy dips.
We look to Buy at 15525 (stop at 15445)
Our profit targets will be 15725 and 15755
Resistance: 15680 /...
GER40 - Intraday - We look to Buy at 15275 (stop at 15195)
Daily signals are bullish.
Short term momentum is bearish.
20 1day EMA is at 15305.
Bespoke support is located at 15300.
We expect prices to stall close to our bespoke level (15300).
Our profit targets will be 15475 and 15515
Resistance: 15500 / 15580 / 15660
Support: 15400 / 15350 / 15300
Risk...
GER40 - Intraday - We look to Buy at 15041 (stop at 14961)
Traded to the highest level in 46 weeks.
We are trading at overbought extremes.
A lower correction is expected.
20 4 hour EMA is at 15035.
We look to buy dips.
Our profit targets will be 15241 and 15281
Resistance: 15200 / 15300 / 15400
Support: 15050 / 14950 / 14900
Risk Disclaimer
The trade...
DAX formed a Massive Falling wedge in 2022.
Remember a Falling Wedge is >1 month... A Pennant is < 1 Month
The 7 >21 >200MA and the RSI is well above 50 showing upside to come.
The target remains at 16,375
HOLD - BULLISH\
The January Effect where investors and institutions are still buying stocks and assets to start the year. They have offset their taxes and are...
GER40 - Intraday - We look to Buy at 14702 (stop at 14619)
Our short term bias remains positive.
Prices look to be heading towards a new 44 week high.
A lower correction is expected.
20 4 hour EMA is at 14701.
We look to buy dips.
Our profit targets will be 14898 and 14938
Resistance: 14886 / 15000 / 15100
Support: 14800 / 14700 / 14625
Risk...
GER40 - Intraday - We look to Buy at 14505 (stop at 14419)
Our short term bias remains positive.
We look to buy dips.
20 4hour EMA is at 14490.
Traded to the highest level in 40 weeks.
Our profit targets will be 14705 and 14745
Resistance: 14718 / 14750 / 14800
Support: 14600 / 14500 / 14400
Risk Disclaimer
The trade ideas beyond this page are for...
GER40 - Intraday - We look to Buy at 13909 (stop at 13829)
Levels below 13850 continue to attract buyers.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
50 1 day EMA is at 13900.
We look to buy dips.
Our profit targets will be 14109 and 14149
Resistance: 14000 / 14100 /...
GER40 - Intraday - We look to Buy at 14302 (stop at 14229)
Daily signals are bullish.
A lower correction is expected.
20 1day EMA is at 14302.
The 1 day moving average should provide support at 14300.
We look to buy dips.
We look for a temporary move lower.
Expect trading to remain mixed and volatile.
Our profit targets will be 14488 and 14538...
DAX has been moving in a strong Falling Wedge this year.
Since it broke up and out of it, we've seen the Moving Averages cross and look bullish.
7 >21 >200
My first target remains at the previous high (start of the wedge).
Target 16,375
DAX has at the moment two possible scenarios.
If we look fundamentally, inflation might peaked, but recession probabilities around the world are still rising.
So for me the most likely scenario to happen is the bearish one.
Use a solid money management and risk precautions before you enter the market.
