Since our short scenario for the DAX was invalidated, we had to reanalyze and concluded that we are dealing with a very long and extremely bullish scenario, as it's the only other option we have left for the DAX. We assume that, on the weekly chart, we will reach a minimum level of 22,000€. This scenario is supported by a trend channel that we have now broken and...
Smart Indices Traders,
NFP Trade master plan to Heist GERMANY 30/40 Market. my dear Looters U can enter after the NFP data there is high chance to go down side, Our target is Green Zone if it goes bearish side, Bullish side our target is Red Zone that is High risk Caution Pullback area, If There is any Bad news it make our heist very sad and if the news is...
Macro Monday 38
The Euro Area ZEW Economic Sentiment Index &
The German ZEW Economic Sentiment Index
(Released this Tuesday 19th Mar 2024)
ZEW is the German acronym for the Zentrum für Europäische Wirtschaftsforschung, which translates to the Centre for European Economic Research.
There are two releases from the Centre for European Economic research we...
German DAX Analysis
Taking another look at the German benchmark index, the DAX XETR:DAX , our scenario remains unchanged. If we don't breach the 18,000 EUR mark, we anticipate continuing with Wave IV, which is expected to range between 10,000 € and a maximum of 7,500 €, depending on the potential overshoot of Wave (B).
This scenario will be invalidated...
Hello Traders!
This is my idea related to GER4 40. I see two resistance levels and I expect a bearish domination, taking into consideration the evolution of previous days, it looks very likely to go bearish.
I will set two targets, the first resistance and the second resistance level. I'm very curious about the move of the GER index this week.
Traders, if you...
Pair : German 40 Index
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame and Completed " 123 " Impulsive Wave. Rejecting from the Lower Trend Line to complete the " 4th " Impulsive Wave and Retracement for the Break of Structure
Entry Precaution :
Wait for the Proper Rejection or Breakout of Trend Line
Pair : DE30EUR - Germany 30
Description :
Bearish Channel in Short Time Frame and Long Time Frame as an Corrective Pattern , In LTF its Rejecting from the Lower Trend Line and in STF it has Breakout the Upper Trend Line. Break of Structure and Divergence
Entry Precautions :
Wait until it Complete its Retest or Rejects from Previous Support
Textbook move in the dax as we have resumed higher as expected, in the linked forecast from last week.
Looking for further upside if the count proves to be correct, otherwise we can look for a double correction lower into wave {c} or {y}.
Dear German traders, on 2HRA you can see on the chart thet the price just canceled what seemed to be a breakout of the channel the price is consolidating at, before you buy it you must wait for the price to break the resistance level with a higher volume than the highest one we have currently
Dear German traders, I made an analysis for you on the 2GB to inform you that it's not the appropriate time to buy it, you must wait for the price to break the tough resistance level it keeps pulling back on for the past year.
Hello Ger30 indicator. In a positive state with a bullish flag. And the correction of the last wave on an important ratio in Fibonacci 0.5. Likewise, this correction came on strong support at 14650. With the formation of very positive candles indicating a strong entry for buyers to rise again . Note: If you like this analysis, please give your opinion on it. ...
With the last couple of impulses, we can now assume that the following movements will bring the course above the 57.06€-mark. Afterwards, we expect the price to produce more significant downward trends. Falling below 41€, however, would mean that the alternatice scenario, currently equipped with a 40% chance, will be activated, pulling us directly down towards new lows.
The German Dax index rose 25% from its lows in early October, delivering nine weeks of gains and outperforming US stock indices. The bullish price action has been rather sharp for a market that had a 27% decline from its top in the first nine months of the year.
In November 2022, the Dax saw overbought RSI for the first time in over a year and the index also...
It's not a struggle for the German index! The DAX index used all its willpower to find its way up and pushed all the way to climb above the resistance at 13 970 points. We're currently observing an upwards slope that should steadily move into the pink zone between 14 346 - 14 687 points. As soon as the blue wave completes its movement, the trend should turn into...
Daily Insight
Commentary:
Monday - German Industrial Production m/m beats forecast this follows Friday’s strong September factory orders data
German DAX +12% since October 13th
Higher tops and higher bottoms on price indicates short term uptrend taking shape (daily chart) , however resistance in front of current price may push price lower before...
DAX Monthly Forecast Movements 1-30 November 2022
We can see that for this month, the implied volatility is around 7.3%, increasing from 7.18% of last month.
This is currently placing us in the 70th percentile according to ATR and 91th according to VDAX.
Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle...
