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Trend direction is set by the slope of the VWAP
Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves
Support & Resistance are set by the...
The DAX daily chart is showing signs of consolidation, but the short-term market participants are constructive.
IF the short-term momentum holds, there will be something to work with.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited...
DAX has a rejection on April 01 exactly at the top (Higher Highs trend-line) of the 18-month Channel Up (since October 03 2022). The 1D MACD made a Bearish Cross, being Lower High than the previous one on December 18 2023, which is exactly what happened on the January 27 2023 Bearish Cross.
That sequence was the first Bullish Leg that topped to form the Channel's...
Hello traders!
‼️ This is my perspective on GER30.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to make a retracement and then to reject from trendline + S/R zone for a sell position.
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The DAX (DE40) is trading within a bearish channel and is rising towards the pivot which has been identified as a pullback resistance. Could this index stall around this level before potentially reversing to resume the downtrend?
Pivot: 18,203.60
1st Support: 17,888.30
1st Resistance: 18,422.50
Risk Warning:
Trading Forex and CFDs carries a high level of risk...
Price gave me a signal to buy.
As you can see. the 1-Hour market structure made a new higher high by breaking previous higher low signaling market shifting to bullish once again.
Stop loss at the recent lows.
Targeting 18750.
This trade idea for FX:GER30 GER30 PEPPERSTONE:GER40 is sculpted with a bullish outlook, premised on the precision of Fibonacci levels and structured entries.
Technical Detail:
The setup has been meticulously planned with two Fibonacci retracement levels — 75% and 89% — serving as strategic scale-in entry points. These levels are not just numbers; they are...
Cycle from 10.23.20223 low in DAX is in progress as an impulse Ellliott Wave structure. Up from there, wave 1 ended at 17003.28 and wave 2 pullback ended at 16345.02. The Index rallied higher again in wave 3 towards 18567.16. Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 18275.94 and wave...
Pair : Germany 40 Index
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame and Breakout of Lower Trend Line
Break of Structure
RSI - Divergence
Lower Lows - Lower Highs
Bullish Channel in Short Time Frame
So here price failed to break the previous low creating a possible double bottom, wait for the price to break outside the bearsih channel retest then we go for those buys..
📊 In the one-hour time frame, due to the decrease in the downward momentum of the price movement, in case of the failure of the upward downward movement trend of the price and stabilization of the price above the range of 18,220 units, there is a possibility of the price increase up to the range of 18,300 units🎯, and in the case of the strength of the range of...
EASYMARKETS:DECEUR
DAX
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- The market has been trading inside a bearish channel since the beginning of April ; the short-term trend is then bearish.
- This bearish short-term trend took place after short-sellers took control of the market following a new record high above 18,600pts.
Indeed, the prospect of a "higher for longer" narrative regarding monetary policies made the current high...
