GER40 - 24h expiry
We are trading at overbought extremes.
Short-term momentum is bearish.
Bearish divergence is expected to cap gains.
15750 continues to hold back the bears.
15729 has been pivotal.
A break of the recent low at 15729 should result in a further move lower.
We look to Sell a break of 15719 (stop at 15801)
Our profit targets will be 15519...
Although the US stock markets are doing OK, including SPY and S&P 500, the DAX seems to be outperformed by a long shot. I just noticed this today out of curiosity since the euro is starting to exceed the British pound. This might be due to the more substantial German market overall.
GER40 - 24h expiry - We look to Sell a break of 15529 (stop at 15649)
We are trading at overbought extremes.
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
The bearish engulfing candle on the daily chart is...
GER40 - 24h expiry -
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
15708 has been pivotal.
A higher correction is expected.
Rallies should be capped by yesterday's high.
We look to Sell at 15699 (stop at 15819)
Our profit targets will be 15401 and 15341...
Price Broke The Lower High and And Created a New Higher which signals buying opportunities telling us that the price is currently Bullish from being bearish as I identified the zone indicated and took 50 % of the zone to reduce risk as we wait for price to retrace back to the identified level and take our positions.
Bear In mind that i use smart money concepts...
Hope you are having a nice day. Looking at Zone 1&2 it looks a lot like we might be seeing some neutral movement for Monday i will also take extra caution when taking a trade. I also noticed that Zone 3 on the chart was a big resistance level back in November and December 2022 and then got broken out of. I do however think that the market will be testing Zone...
Beautiful higher timeframe retest of previous key level resistance looking left, as new support forming a higher low. 3 weeks now price has closed above this key region, & above this zone I am looking for price to resume the overall uptrend..
A lot of confluence in this region as it also aligns with the 50 fibonacci retracment of the previous impulsive stage. The...
As shown it looks like the market could still continue down the channel till the end of the week, as it comes up to retest the Fibonacci zone to sell. It has also created LH AND LL inside the channel. With NAS100 having reaching a point of ''HIGH DEMAND'' yesterday we might see the same occur on DAX. for now i am waiting to see if it respects the levels or breaks...
As you can see from my track record, I am never wrong.
The DAX will sell off to 14100.
I have taken my trade at the very top.
Let us watch this unfold.
Cheers
The GER 30 price has breached the bullish ascending channel to the downside with s strong bearish engulfing candle, and there is a strong likelihood that the price will undergo a further decline after testing the key level. Nonetheless, if the price surpasses and closes above the key level, there is a possibility of a bullish continuation, which would negate my...
Hello Traders,
Dax Index is heading to 15200 K zone then probably there will face a lot of sellers.
Long intraday TP 15200 circa.
Trade safe.
Illyrian Finance
We're watching the support level of 14877 very closely as it's a major overlap, 23.6% Fib retracement and a break of this level, coinciding with the ichimoku cloud bearish exit, could trigger a massive drop to the next support level at 13863.
It's also nice to see strong bearish divergence vs Stochastic suggesting we could see a big reversal upon the break of the...
DAX felt 3.04% in Monday, biggest drop for the instrument after December. Investors are cautious after the failings of SVB and Signature Bank that the entire bank sector might be badly hurt from the sharp rise of interests in the last year.
On the technical front both MACD and RSI indicators are suggesting continuity of the bearish movement, with RSI below the...
GER40 - Intraday - We look to Sell at 15484 (stop at 15564)
The bearish engulfing candle on the daily chart is negative for sentiment.
Daily signals for sentiment are at oversold extremes.
A higher correction is expected.
The trend of lower highs is located at 15510.
Prices expected to stall near trend line resistance.
Our profit targets will be 15284 and...
