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DE40

DAX is pricing the long-term bottom for the 20k waveThis is a fractal from the past. DAX's current Bearish Megaphone pattern resembles that of June - October 2014. In fact the whole price action from the February 2020 collapse due to the COVID outbreak, is similar to the July 2011 - October 2014 sequence. See how all major formations align almost perfectly between the two: Death and Golden Crosses on the 1D time-frame, the 1W MA50 (red trend-line) and all legs from (1) to (6) so far. Right now, DAX is at the bottom of the Bearish Megaphone on leg (6). If that holds, then we may see a continuation of the 2014 pattern to a leg (7) which should be near the All Time High (ATH) and if the fractal continues to play out, possibly a hyper rise to (8) around 20000. *Interesting fact: 2014 was the year when Russia annexed Crimea and threatened the rest of Ukraine. Is this Déjà vu? -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
XETR:DAXLong
by TradingShot
2
DAX about to make a significant bullish break-outDAX is testing today the 1D MA50 (blue trend-line) for the first time since February 02, where it failed to make a close above (despite breaking it intraday) and got rejected. On the long-term we see that the 14,810 Support has held on 5 tests since May 2021, and up until the January 05 2022 Double Top, we've had Higher Highs. The long-term trend thus remains bullish. If the index closes a 1D candle above the 1D MA50, we expect a rally towards (at first) the 16290 Resistance. Notice that when the 1D CCI was on the current levels previously, DAX printed a Higher High/ Higher Low pattern. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
DLong
by TradingShot
2
DAX - Long as projectedAs projected on the 31th Jan DAX is hitting our first target. It's time to adjust your stop-loss if you have not already. This upper line of the triangle can be tested several times today and if it holds we are heading for the second target which will be around 15950 points. otherwise, we can expect the price to fall to the EMA (9). Stop-loss can be adjusted to the EMA (9) line or slightly below. If you like this analysis - thumbs up! ________ 🚀 Follow for daily posts 🎯 About my posts: They are kept self-explanatory in order to avoid overcomplicating and confusion. Mostly price signals and trend analysis combined with chart patterns. Disclaimer: This is not an investment advice
DLong
by relievedAntelo893
DAX - Alert for potential longRSI - SMA is close to signaling a "buy". If the price stays the same or higher by end of the day. If this happens target is the upper triangle line (blue line) and the second target will be around 15950 points. What do we don't want to see for confirming our "long strategy": A closing below the SMA (9) If you like this analysis - thumbs up! ________ 🚀 Follow for daily posts 🎯 About my posts: They are kept self-explanatory in order to avoid overcomplicating and confusion. Mostly price signals and trend analysis combined with chart patterns. Disclaimer: This is not an investment advice
DLong
by relievedAntelo893
2
DE40 Sell a break setup.GER40 - Intraday - We look to Sell a break of 15947 (stop at 15994) Trades with a bearish descending triangle formation. A break of yesterdays low would confirm bearish momentum. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A break of bespoke support at 15950, and the move lower is already underway. Our profit targets will be 15822 and 15802 Resistance: 16000 / 16050 / 16100 Support: 15950 / 15900 / 15800
DShort
by Signal_Centre1
DAX waving a short-term buy signal againFollowing our most recent DAX update, the price did eventually yield to its signs of exhaustion and pulled-back: The pull-back extended as low as the 1D MA50 (blue trend-line) yesterday where it found support and is rebounding today. This could be a short-term buy signal again, the technical overlay was explained on the previous update. As you see this is similar to the 1D MA50 rebound of October 29 which also came close to the Internal Pivot trend-line and pushed the price to its final blow-off top just below the 2.0 Fibonacci extension. A Target Zone within 16400 - 16600 as the new blow-off top is realistic. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
DLong
by TradingShot
DAX waves signs of exhaustion. Top might be near.I've been bullish on DAX for a very long time as the Rising Wedge and Channel Up patterns prompted to Higher Highs ever since April 2021: However, the German index seems to be forming a pattern that based also on the 1D CCI, was previously seen just before market tops (i.e. Higher Highs on the pattern). As this 1D chart shows, the price just entered the CCI Resistance Zone that has been holding throughout the whole of last year. On two occasions (July 13 2021, August 12 2021) the CCI top matched with direct market tops. On the other two occasions (May 24 2021, November 03 2021), it made the price consolidate (orange circles) and made one last (blow-off) top 15 and 12 sessions later respectively. The above means that we've either topped or will top within the next two weeks. Potential peak points include 16400 (top/ Higher High of the Channel Up) and 16600 (just below the 2.0 Fibonacci extension level as it happened with the November 19 Top). In either case, a strong pull-back towards the 1W MA50 (red trend-line) should be expected. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
D
by TradingShot