DAX is within a Channel Down pattern on the 1H time-frame and just bounced back to its top (Lower Highs trend-line), hitting the 1H MA50 (blue trend-line) immediately. As long as the price remains within the Channel Down, sell and target the Inner Lower Lows trend-line at 15525. With the 1H MACD just forming a Bullish Cross that high for the first time since...
DAX got rejected on the 1D MA50 and pulled back to the bottom of the Channel Up again. The 1D technical outlook turned bearish (RSI = 43.037, MACD = -52.700, ADX = 29.821) a closing under the 1D MA200 confirms a long term bearish reversal. Until that happens, we will be bullish on this bottom structure, targeting R1 (TP = 16,530). ## If you like our free content...
DAX is on the 3rd straight green 1D candle after it almost hit the 1D MA200 (orange trend-line) last Friday, which is intact since November 10 2022. This rebound comes as a natural reaction to the long-term Support dynamic of the 1D MA200 as well as the presence of Support 1 from the July 07 Low. As long as it holds, we will take it as a buy opportunity and...
DAX is on the 8th straight sideways 1D candle as it found Support on the bottom (Higher Lows trend-line) of the long-term Bullish Megaphone pattern. The 1D MA50 (blue trend-line) is the short-term Resistance while the price is trading around the 1D MA100 (green trend-line) as pivot. We are bullish, targeting the Internal Higher Highs trend-line at 17000, as long...
DAX is pulling back today after a rejection on R1 (16,530), the biggest 1D red candle since July 6th. The 1D technicals are bullish (MACD = 102.900, ADX = 31.239) but the RSI close to becoming neutral (RSI = 55.835), which indicates the slow pace of this uptrend. The 1D MA50 made an emphatic hold four days ago, so as long as it holds we expect the index to...
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 broke yesterday above the 1D MA50 (blue trend-line) again after rebounding at the bottom (Higher Lows trend-line) of the December 2022 Bullish Megaphone pattern. This is the new technical bullish leg that will aim to form the next Higher High. On a similar way with the previous bottom rebound on March 20, the Low was also priced after the 1D MA100 (green...
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...
DAX is on the 4th green 1day candle in a row, extending the spot on buy entry we gave 2 weeks ago exactly at the bottom. The 1day RSI is on balance bullish levels (62.31) and shows still upside potential while there is still room left before the Channel Up makes a Higher High. That will be at a +6.30% rise from the Low, as previously taken place. Target remains...
DAX had an excellent run since our buy signal (see chart below) more than two months ago (March 21) but after it broke above the former All Time High (ATH) on May 19, it has formed a top and is pulling back: As long as the price is closing the 1D candle above the 1D MA50 (blue trend-line), it will be a buy opportunity targeting the top of the (dotted) Channel...
DAX had an excellent run since our buy signal two months ago (March 21) but has since formed a top and is pulling back (see chart below): The price is below the 4H MA50 (blue trend-line) and today is testing the 1D MA50 (red trend-line) for the first time since March 29. The 1D RSI is still neutral around the 50.00 mark, meaning that there is still more room...
DAX had an excellent run since our previous buy signal on March 21 (see chart below) that hit its target yesterday: The index is right now moments away from hitting the 16300 Resistance, which is the All Time High (ATH) of November 19 2021. The long-term pattern since the end of October 2022 has been a Channel Up and within it, three Megaphone patterns have...
DAX is trading in a Megaphone, currently supported by the MA50 (4h). Scalping is recommended inside this pattern and breakout trading outside it. Trading Plan: 1. Buy if the price closes over the Megaphone. 2. Sell if it closes under the MA50 (1d). Targets: 1. 16200 (+12.17% buy leg). 2. 15200 (lower Support Zone). Tips: 1. The RSI (4h) is inside a clear...
DAX is trading on a Rising Wedge pattern inside a Channel Up, whose 4H RSI just hit the 1 month HL trendline. The 1D technicals remain bullish (RSI = 58.718, MACD = 105.900, ADX = 38.304) hence the long term trend upwards. As long as the 4H MA50 holds, our target remains the top of the Rising Wedge (TP = 16,100). ## If you like our free content follow our...
DAX has gone a long way since our buy recommendation 2 weeks ago (see chart below). The technicals on the 1D time frame are firmly bullish (RSI = 60.575, MACD = 68.200, ADX = 31.986) and the RSI in particular is out of its Buy Zone and approaching the top of the Channel Down. The index is trading inside a Channel Up for exactly 5 months and every bullish wave has...
DAX is trading inside a Channel Up and crossed today over both the 4hour MA200 and the Pivot Zone. The 4hour MA50 is supporting (same with the RSI being on a Rising Support) and as long as it does, the Channel Up will be going for a Higher High. Buy and target the 15700 Resistance but keep an eye for an RSI peak near 70.00. Previous chart: Follow us,...
DAX is now testing the 1D MA50 (blue trend-line) having rebounded at the bottom of its long-term (since the October 03 Low) Channel Up and the 1D MA100 (green trend-line). With the 1D RSI coming out of its Accumulation Zone, as in the previous two Lows (late September and late December 2022), we expect this first long-term wave to hit at least 16100 and the middle...
DAX gave us both the sell profit we aimed for last week as well as the break-out buy signal above Resistance 1: This time we are moving on a higher time-frame (1D), as the index is showing incredible bullish momentum on the long-term. Trading within a Channel Up since the October 03 2022 market bottom, the structure is best viewed using the Fibonacci Channel...