DAX on the 1W time frame is technically bullish (RSI = 64.556, MACD = 451.600, ADX = 57.699) having avoided a 1W Death Cross as the 1W MA50 is diverging again from the 1W MA200. Every time it avoided a 1W Death Cross since 2012 while the 1D MA100 crossed above the 1W MA50, DAX has always pulled back to at least the 1W MA50 (three cases out of the four even hit...
DAX (DE40) got rejected on its third Lower High within this 2 week Channel Down. We are taking this sell but first target is on the Higher Lows trend-line of the Triangle and only if that breaks, we will extend selling to complete a -2.18% decline on the new Lower Low of the Channel Down. The RSI's Rectangle shows the best short-term buy entry. The most optimal...
DAX has had the strongest 1D bearish candle today since December 15 2022. That was the candle that accelerated the correction from the Higher High Zone (red zone) of the long-term Channel Up to the Buy Zone (green zone). With the Channel Up pattern starting on the October 03 2022 market bottom and remaining valid up to now, this Buy Zone has been the most optimal...
DAX is trading inside a Channel Up on bullish technicals both for 4H (RSI = 58.830 , MACD = 35.400, ADX = 33.092) and 1D (RSI = 65.538, MACD = 212.600, ADX = 27.945). 1D is stronger as its pattern is a Bullish Megaphone for the past 1 month. Basically we are now expanding on the breakout signal given on Monday as shown below. The Channel Up rises on every...
Since our analysis last month, DAX (DE40) hit our target by rising more than +12.50%, as the previous rally fractal within the +4 month Channel Up suggested. Right now the index is loosely supported by the 4H MA100 (red trend-line), having already broken it 3 times, but managed to close all of them back above it. As on December 06 2022, a 1D candle close below the...
DAX is rebounding after holding the 4H MA50 (blue trend-line) and remains overbought on daily. The similarities with the November - December fractal evident and the 1D MA50 (red trend-line) untested since January 03, we expect a sharp short-term correction to it, if the 4H MA50 breaks again. The long-term pattern remains a Channel Up since the October 02 market...
DAX turned overbought on the 1D time frame (RSI = 72.776, MACD = 187.300, ADX = 43.679) as investor euphoria spread across the stock markets on a dovish Powell, and the current 4H candle broke above the short term Channel Up. If it closes back inside the Channel Up, we will regard this a sell signal aiming at a -2.30% decline (TP = 15,100). On the contrary, if...
The German stock index DAX broke today (and so far stays ahead of the Fed) above the 4H MA50 (blue trend-line). On our last analysis two weeks ago, we pointed out that a Channel Up similar to November's would form and its break-out will deliver the next move: As you see, the price traded exactly within that short-term Channel Up and delivered excellent...
DAX is technically bullish 1D (RSI = 63.054, MACD = 197.400, ADX = 59.303) but neutral on 4H as it broke below the 4H MA50. In a repeat of December 5th, we may see a strong pull back targeted at the 4H MA200, so be ready to sell below S1 with TP = 14,600. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are...
The German stock index (DAX) is showing signs of exhaustion of the 2023 rally, following our strong buy signal last week. The 4H RSI hit and got rejected on the 84.600 Resistance level, which is where a Channel Up started on November 11 2022. The Channel Up made one last High before it broke below the 4H MA50 (blue trend-line) and started a correction (short-term)...
DAX is on a very strong rebound after holding the 1D MA50 (blue trend-line) as Support, having closed all 1D candles above it since December 20. As mentioned on previous analyses, the target is the 14680 - 14950 Resistance Zone. We are looking to take profits on the first sign of rejection within that zone. Beyond that, we will buy either after a 14950 bullish...
DAX easily broke above the 4H MA200 (14,248.20) yesterday, which as I've mentioned in the past 2 weeks is the most crucial level on the medium-term, and the trend shifted back to bullish again long-term. This is evident also on the 1D time-frame (RSI = 58.733, MACD = 21.600, ADX = 18.725), whose RSI turned bullish for the first time since December 14th. This is...
The German stock index (DAX) just hit the 4H MA50 (blue trend-line) and it getting rejected. This pull-back has high probabilities of turning into a sustainable sell sequence to a Lower Low considering that just two days ago a Death Cross was formed on the 4H time-frame, which is when the 4H MA50 crosses below the 4H MA200 (orange trend-line). In 2022 every 4H...
DAX couldn't have given us a better trade yesterday as following the lower than expected U.S. CPI (which is a big plus in the ongoing battle to control inflation), the price broke above the 4H MA50 (14,376.70) and came close to the 14,710 (June 6th 2022 High) Resistance, getting rejected at 14,670, which is a Higher High since November 14th. The price is now...
Today the German stock market (DAX) completed a Golden Cross pattern on the 1D time-frame, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). That is technically a bullish formation and that is what we interpret it as, at least on the long-term. Historically a 1D Golden Cross delivers new Bull Phases on DAX and it was such...
The price failed to break above the 4H MA50 (red) and dropped more to a new Low. This is getting closer to our 14,150 short-term target just above the 14,130 Support (formed from the low of November 15th). 4H is now close to oversold territory (RSI = 34.750, MACD = -47.400, ADX = 59.234) so we might see a short term rebound back to the 4H MA50 (14,446.70 and...
DAX continues to slowly but steadily grind higher using the 4H MA50 (14,451) as Pivot. With such neutral 4H technicals (RSI = 50.442, MACD = 15.00, ADX = 16.012), we will engage today in scalping activity within the 4H Bollinger Bands (14,590 - 14,389). A break above 14,650 would be a break-out bullish call targeting 14,710 (June 6th 2022 High) Resistance, while a...
The German Index (DAX) hit last week its 1W MA100 (green trend-line) and early this week, the 1W candle is pulling-back in red. If it closes this way, it will be the first week of loss (red) since late September, running an amazing streak of 8 straight green ones. With the 1W RSI almost reaching 65.000 for the first time since November 15 2021 (a whole year ago),...