Germany's economic downturn eased slightly in March as business activity in the country’s service sector came close to stabilising. The DAX has been trending bullish since November 2023, could we continue to see the rise in the Germany economy ?
The DAX (DE40) could rise towards a resistance level at 18,263.22 which has been identified as a pivot point. Could price stall around this level before potentially making a bearish reaction to drop lower?
Pivot: 18,263.22
Support: 18,005.20
Resistance: 18,431.16
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should...
Stopped out last entry, one more shot. If we don’t drop here then waiting for something completely different. This is a really hard way to trade but some people need to go against the grain.
Surrounded by bears > i thought I'd post a bullish view.
On the weekly chart SMA 7, 20, 50 & EMA 200 all pointing up...
SMA 50 about non crossing EMA 200 will be the confirmation the trend i snot over... we'll see end of week with NFP.
If bull is confirmed Targets are on chart... Estimated ATH summer/sept 2023
Red line invalidate the concept !
-----------DAX DOWNSIDE MOVE IS ABOUT TO HAPPEN-----------
DAX index shows a few signs that it is ready to deep dive. The course is at all time high. Economic indicators like GDP, interes rate, emloyment don't support that optimistic behaviour. Weekly RSI is at overbought territory. And daily RSI shows divergence. I think it is time to re-consider the long...
The DAX (DE40) could fall towards an overlap support at 17,903.18 which has been identified as a pivot point. Price could potentially bounce off this level to make a new all-time-high (ATH).
Pivot: 17,903.18
Support: 17,659.90
Resistance: 18,263.12
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade...
Pair : Germany30 Index
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
Completed " 123 " Impulsive Waves
Break of Structure
Fibonacci Level - 261.8%
Idea based on multi-timeframe h/l's, IB's, OB's. All buy levels smashed creating new high. Looking to see if we create lower low on higher time frame or continue higher.
Start your week by identifying the key price levels and trends.
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*KEY
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...
Good Morning and i hope you are well.
Last week the dax bulls created a potential exhaustive very big island gap, US indexes ranged at the highs, gold ranged after the uber bullish move up and oil did exactly what i have been writing for many weeks now.
No matter how you want to draw it, Nasdaq made lower lows, printed 2 consecutive weekly bear bars (last time...
Hello everyone,
this is not a usual trading analysis. So don't take any trades from monthly levels, as you can't manage the risk at all. What you can see is my try to figure out how the DAX went through different states of price development and really interesting to see is, that every big crisis ended one phase and opened a new one.
In my point of view we are...
Trading is nuanced and requires as much art as science to execute successfully, which means that there is only a profit-making trade or a loss-making trade.
