Situation assessment XETR:DAX 1. We have reached another trend reversal zone 2. In our opinion, “much” after “above” is no longer possible in the future We would like to apologize for the inaccuracy of last week's forecast {wink} when we headlined as follows: 1. Weekly UP peak: between 18,406 and 18,518 (Bonus: 18,630) 2. In perspective, ...
DAX has turned bullish again on the 1D technical outlook (RSI = 61.214, MACD = 155.000, ADX = 20.016) as it is posting the strongest daily candle of the last 30 days. We consider this move to be counter trend as the Bearish Divergence that is being staged on the 1D RSI looks like the one in late February 2023. That one also posted a counter trend rise on February...
DAX is much bearish on Friday; bearish price action on weekly and daily and also below the zones, but it hit a key support. Would prefer to watch for a pullback to go short regardless. 15270 will be key level to watch for a move to 14980 key support.
DAX got rejected on the MA200 (4h) and is pulling back. This is heavy pressure as it took place near the top of the 2 month Channel Down. Trading Plan: 1. Sell on the first green (4h) candle. 2. Buy if Resistance (1) breaks. Targets: 1. 15230 (Rising Support and -2.20% decline like the September 5th pull back). 2. 16000 (Resistance 2). Tips: 1. The MACD (4h)...
DAX trade excatly as expected last time (chart at the bottom) making a new Low in the established Channel Down. The price reached the 0.5 Fibonnaci level today, a reading which formed the August 31st Lower High on the other -6.50% bearish leg. Sell now and target 15150 (Rising Support) but close if it reaches first the 1day MA50 as the MACD Buy Cross can...
if last low break, don't pick buy ( only above green arrow I will buy) be careful from mini crash to 14200 keep watching AC indicator on 4hour chart and EMA200 on 1hour (big green line) break it mean new buy signal and up trend wish you win
DAX tested again today the 1D MA50, which is the Support since the July 12th Bullish breakout, and reacted with a rebound. With the 1D timeframe neutral (RSI = 54.688, MACD = 65.900, ADX = 24.550) this holding of the 1D MA50 translates to a buy opportunity. In addition, the 1D RSI crossed over its Channel Up. We are long, targeting the HH trendline (TP =...
DAX has completed 7 days of consolidation on the MA50 (1d). This kind of sideways trading on Supports is usually a technical accumulation before a price jump. There have already been two similar price jumps that formed Higher Highs inside the 8-month Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 16600 (Rising Resistance). Tips: 1....
DAX formed today a Golde Cross on the 4hour time frame for the first time since June 7th. The last 3 4hour Golden Crosses inside the large Channel Up pattern have been buy signals that targeted a little under Fibonacci 1.236. The 4hour RSI is also having a consolidation similar to those previous fractals. Buy now and target 16550. Previous chart: Follow...
DAX is on a marginally bullish 1D timeframe (RSI = 56.008, MACD = 24.500, ADX = 26.521), which indicates that there is still significant upside potential to the rebound that started on the July 7th Low. That Low may have been a HL on the long term Channel Up but also a LL on the two month Channel Down. The 1D RSI is also at the top of its Channel Down, so in order...
DAX is rebounding after a -4.60% decline that turned the 1D timeframe bearish (RSI = 42.197, MACD = -69.700, ADX = 37.228). Even though that decline hit the bottom of the long term Channel Up, we focus more on the short term where after similar declines in the past two months (both -4.30%), the price rebounded to at leastthe 0.618 Fibonacci level. Consequently we...
2 scenario on Dax possible ALERT= personally I belive up ,,,but if low break,it is sellsignal ,,,if you have buy,you must put hedge sellstop in last low gooooodluck
DAX hit on Friday the bottom of the 8month Channel Up, just under Support (1), which was the low of April 5th. That is a long term buy opportunity and the price is treating it as such since it's already on two straight bullish candles. The previous Higher Lows was also priced within the MA100 (1d) and the bottom of the Channel Up. Trading Plan: 1. Sell on the...
DAX is recovering today from yesterday's brutal break down but this should be a short lived reaction. The 1day RSI made a Double Bounce on a Falling Support, much like the one on March 13th. On that price action, after a short lived rebound that got rejected on the 1day MA50 and the 0.5 Fibonacci, the price resumed the downtrend and bottomed on the 1.5 Fibonacci...
DAX hit the 4H MA200 again after a much needed technical pull back that helped at correcting last week's overbought technicals on the 4H time frame (RSI = 48.684, MACD = 21.500, ADX = 34.751). This is a similar structure as early June, when the 4H MA200 (and 0.382 Fibonacci) offered support to a 4 day accumulation phase before the bullish leg made a Higher High on...
Yesterday's speech has no impact. Basically it was a simple basing at PZ then rally day. Lowest price was at open as it rallied then base then rally. There was some resistance during US session but it did not do much to DAX, finding support at the BZ and moving higher. I was much bullish indices yesterday except for the unknown speeches by BOJ and price action is...
I was bullish DAX yesterday based on price action but was expecting a dip, but instead it went up first, perfectly to a multi-confluence strong resistance and made a triple top there before it came down. PZ was an initial support and gave an initial bounce but sold off to new lows but with bullish divergence and that was when market gave the huge rally. But what...
DAX made me most of the money yesterday, it did not hit the sell limit level provided but we managed to go long then down it down to 15730 before catching the long moves. See how price perfectly capped the lows yesterday. On DAX, it is somewhat more bullish yesterday compared to the US indices and yesterday's candle could be a sign of bottoming. But, I would be...