GER40 / DAX Analysis 23Oct2023GER40 analysis is still in accordance with the analysis a few weeks ago, where prices tend to follow the bearish curve. Still at the same price target, prices tend to move towards the Fibo area of 1,618
Daxanalysis
DAX UpdateAfter the correct analysis of the chart in the previous post that mentioned the rise of the index.
We are now witnessing a correction in the chart and my prediction is that we will witness further declines.
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GER40 Analysis 13Oct2023In my opinion, GER40 presents a slightly different perspective. If you observe the movement of the wave, you will notice a curve that is currently supporting it. Usually, when such a curve forms, the price tends to follow the same movement. Therefore, I believe that in the medium term, the price is likely to remain bearish.
Furthermore, if you look at the current situation, it is possible that we are in the bearish channel, which would mean that the price will continue to follow this downward trend.
GER30: Thoughts and AnalysisToday's focus: GER30
Pattern – LH - Lower support test
Support – 15,055 - 15,015
Resistance – 15,287 - 15,504
Hi, and thanks for checking out today's analysis. The GER30 daily is today's focus. Due to the tragic events over the weekend, we have seen stock futures trading lower into the new week. The GER30 is testing Friday's firm finish and could be forming a new lower high. The key here will be if sellers can be price back down to test 15,055 - 15,015 support. A break set up a continuation of the med-term downtrend.
If buyers can reject today's selling and break back above Friday's high, this could suggest a new higher leg and a possible test of 15,504.
Good trading.
#DAX to correct----------DAX LONG---------
I went long on DAX German 40 index this morning as I expect a correction from current levels. Not a reversal yet but still a good looking trade this morning.
This is not a financial advice. Do your own research and analysis.
DAX - (massive!) Short; This is a no-brainer!Germany decided to systematically destroy their (and the EU's) economy, in a consistent and spectacular fashion. This is a no-brainer!! (I have been shorting this, with everything I've got, for the past week.) The only thing that kept this thing afloat, so far, is the underlying currency (EUR/USD) push-pull. I believe that is now over and full capitulation is at hand.
Where will this mayhem stop? ... Well, it depends on the maximum pain tolerance of the combined German industrial base.
Will they let their government fully destroy their entire economy or will they put a stop to it, at some point? ... Right now, I don't care!
The damage is already done, the only question remaining; Just how bad?
Sell, sell, sell ... and then, Short some more!
GER40 Analysis 27Aug2023last week the price managed to form a new HH and at the close it looks corrected. the chances are that the price will still have a limited downside before continuing bullish.
DAX Elliott Wave Analysis for Friday 18/08/2023Still two scenarios. The bullish scenario (in green) shows an ending wave 2 down that will be followed by wave 3 up. The bearish scenario (in red) assumes more downside to finish wave C and a higher degree wave (4).
DAX40 Germany40 : Importtant Zone to DefendTrend Bullish
CB’s bank lending survey reveals signs of concern in the credit market
DAX technical levels of interest – prices remain elevated but waning volatility and momentum hint at a propensity for sideways trading to come
A break above 16383 pushes DAX40 to achieve potentially possible 23850
A break below 11950 is the beginning of the Bearish trend(red curve)
Possible retracements at
14750
13870
12835
DAX IF Channel Breaks Then Short!DAX went up He is now approaching a
Horizontal resistance
Of 102.750 while trading
In a rising channel so
IF we see a breakout of
The channel to downside
Then the price will go down
DAX Elliott Wave Analysis for Wednesday 09/08/2023Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).
DAX Elliott Wave Analysis Higher Timeframe (06/08/2023)In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe.
Dax Short Term Sell IdeaH4 - Price is bouncing lower from a key resistance zone.
Expecting short term bearish moves to happen here.
H1 - Bearish divergence.
Most recent uptrend line breakout.
Until the key resistance zone holds I expect the price to move lower further in the short term.
DAX Elliott Wave Analysis for Tuesday 01/08/2023We wait for more data to initiate a trade. Firstly, we are waiting for a clear ABC pullback before going long. Secondly, we are waiting for the wave 3 area in the 4h to go short.
Scallop on DAX with new upside target to 18,792From the previous trade analysis on DAX, it hit our target of 16,333.
This was due to a Falling Wedge along with a Reverse Cup and Handle pattern.
Since then, the price has moved into a consolidation period where the price was fighting between the bulls and bears.
And guess who is winning? The bulls again.
There has been a smaller pattern form called a Rounding Bottom or a Scallop formation.
Now that the price has broken above the neckline, means we can expect upside to come to the next target.
Other indicators confirm upside momentum including:
7>21>200
RSI>50
My next target will be up to 18,792
DAX Elliott Wave Analysis for Monday 31/07/2023We wait for more data to initiate a trade. Firstly, we are waiting for a clear ABC pullback before going long. Secondly, we are waiting for the wave 3 area in the 4h to go short.
DAX Elliott Wave Analysis Higher Timeframe (29/07/2023)In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe. We see opportunities for both short and long trades next week.
DAX Elliott Wave Analysis for Friday 28/07/2023We finally got some data that allows a better interpretation. In the 15m, there is a potential long trade for today but the upside is limited as it concerns the fifth wave.
DAX Elliott Wave Analysis for Thursday 27/07/2023Several scenarios can play out today. We are waiting for more data. The current structure does not give us a reliable setup.
GER40 / DAX Analysis 26July2023Ger40 / Dax entered the initial correction period. If you see Wave A has the same length as Wave C, then the possibility that is happening at this time is the formation of Wave (X), after Wave (X) occurs, the price will return to the target with the target up to the trendline below. There is a possibility that the price drops not to the trendline area, by forming complex correction.
DAX Elliott Wave Analysis for Wednesday 26/07/2023Several scenarios can play out today. We are waiting for more data. The current structure does not give us a reliable setup.
DAX Elliott Wave Analysis for Tuesday 25/07/2023Several scenarios can play out today. We are waiting for more data. Depending on what the market gives us, we see entries for both short and long trades.
DAX Elliott Wave Analysis for Monday 24/07/2023Several scenarios can play out today. We are waiting for more data. Depending on what the market gives us, we see entries for both short and long trades.
