Daily analysis & day trading setups DAX DAX40 DE30EUR 06 SEP 22Happy Tuesday, Happy PMI Day,
Line in the sand for DAX is 12817 but it is dealing with all important levels of market structure between August low of 702 & close of 817. A decisive move breaking of one of the levels and then continuing will set the direction.
Levels to watch today are 442, 677, 940 & 991
Macro US S&P PMI, ISM Employment Index, New Orders Index, Services PMI, Services Prices Paid
Buy
Break: 12 750, 786, 848, 886, 924
Reversal: 12 709, 657, 630, 603, 565
Sell
Break: 12 709, 641, 603, 554
Reversal: 12 764, 848, 886, 924, 977, 13 004
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GERMANY 30
Daily analysis & day trading setups DAX DAX40 DE30EUR 05 SEP 22Happy Monday, Happy New Week,
Trading may remain thin post London open due to Labor Day holiday in the US. So get ready for erratic price action on already very thin volumes.
We are an inflection point. DAX now has more hoops to jump going up than going down. Level to watch are 12 688, 702, 818 on the upside for bullish indication. Break of 12 600, 560 & 442 will put bears in the driving seat.
Macro EU DE+GB Composite PMI, Retail Sales
Buy
Break: 12 616, 680, 780
Reversal: 548, 463, 371, 307
Sell
Break: 12 632, 560, 475
Reversal: 12 695, 795, 902, 13 015
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Daily analysis & day trading setups DAX DAX40 DE30EUR 02 SEP 22Happy Friday, Happy NFP Day,
Bold prediction: if DAX crosses 12587 & goes below 12352, it will break 12k and we will be going back to bear market
Today we are likely to push back above 860 to close the week with a reversal candle. Move towards 598 & break of that will attract it to 376 & onwards
Macro US Avg Hourly Earnings, Labor Force Participation, NFP
Buy
Break: 12 745, 795, 865, 917, 991
Reversal: 12 647, 598, 549, 510, 463
Sell
Break: 12 733, 698, 647, 591, 559
Reversal: 12 817, 877, 926, 991, 123035, 106
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Daily analysis & day trading setups DAX DAX40 DE30EUR 01 SEP 22Happy September, Happy Thursday,
DAX will cause some serious damage if it loses 12702 & 12677. The next level will be 12442 followed by 12323
On the upside, it is now firmly capped at 13k as bears now taking the charge. I am making a bold prediction here - the probability of 9943 followed by 9370 has gone up significantly
If you are thinking of buying the dip or going long, think carefully, seriously
Macro EU DE Mfg PMI, GB Mfg PMI, EU Unemployment Rate, US Jobless Claims, Nonfarm productivity, Labor Costs, Mfg PMI, Employment Index, New Orders Index
Buy
Break: 12 750, 795, 820, 870, 920
Reversal: 12 702, 677, 622, 585
Sell
Break: 12 725, 690, 648, 587, 530
Reversal: 12 805, 858, 925, 991, 13090
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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Fibonacci Confluence levels are here >>>
Joe Gun2Head Trade - Rout to continue?Trade Idea: Selling DAX
Reasoning: Global indices underpressure
Entry Level: 12673
Take Profit Level: 12396
Stop Loss: 12787
Risk/Reward: 2.43:1
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Daily analysis & day trading setups - DAX DAX40 DE30EUR 20220829Happy New Week, Happy Monday,
DAX has broken 13K and got itself in some trouble here. 12675 & 11895 are two very important levels to watch. Bulls need to bring it back above 13440 & 14085 to get back the control.
Overnight drop in Dax has shown continuous selling pressure which is not good for bulls, going into another vital week with month end falling right in the middle of the week.
Macro ECB Lane Speech, US Fed's Brainard Speech
Buy
Break: 12 860, 970, 13 052
Reversal: 12 735, 655, 580, 525, 440
Sell
Break: 12 750, 665, 590
Reversal: 12 885, 990, 13 070, 175, 225, 270
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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DAX
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Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups - DAX DAX30 DE30EUR 20220825Happy Friday,
Are you ready to rock & roll!!!???
Today may turn out to be when either bulls or bears finally find their way. The tug of war may end today with JP's speech at JH Symposium at 3 pm London time.
DAX30 is hanging on to dear life at 13300. Bulls need to move above 13360 creating HL/HH. If DAX40 moves there, watch out for strong reaction at 13440. On the downside, 50 DMA are of 215 to 230 is still in play.
Macro US Core PCE, PI/PS, Power Speech, Michigan Cons. Sent. Index
Buy
Break: 13 340, 370, 445, 520
Reversal: 295, 260, 210, 180, 110
Sell
Break: 13 295, 250, 215, 160
Reversal: 13 375, 425, 465, 515, 550, 620
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups - DAX DE30EUR 20220825 Happy Thursday, Happy GDP Day,
As I am publishing this, DAX has already pumped higher based on DE GDP positive data. May be, the doomsayers are afterall losing their story.
DAX is now aiming to takeout 13440 and go for 100 DMA at 13638. This may bring us firmly into bull territory.
Our line in the sand today is 13230
Macro EU DE Business Climate, ECB MPM Accounts, US GDP, Jobless Claims, Jackson Hole
Buy
Break: 13 330, 390, 415, 440
Reversal: 13 295, 265, 230, 180
Sell
Break: 13 300, 285, 240, 180
Reversal: 13 390, 440, 475
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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DAX
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Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups on DAX DE30EUR 20220824Happy Midweek, Happy Wednesday,
DAX is at a precarious level. Bulls need to regain above 13275 & 13360. Bears are pushing to break 13050 & 12955.
Line in the sand today is 13175.
Macro EU DE 10y Bond Auction, US Durable Goods Order, Nondefense Capital Goods Orders, Pending Home Sales
Buy
Break: 13 160, 210, 265
Reversal: 13 085, 010, 12 985, 920, 870, 830
Sell
Break: 13 100, 015, 12 925, 875
Reversal: 13 165, 220, 275, 345, 365
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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DAX
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Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups on DAX DE30EUR 20220823Happy Tuesday,
DAX has converted 50 DMA into resistance and that is our line in the sand today at 13 235. Bulls still have hope till 12440. Below that, bears are firmly in control aiming for 11440
Macro DE PMI, EU PMI, ECB Panetta Speech, Consumer Confidence, GB PMI, US PMI, Home Sales
Buy
Break: 13 190, 255, 360
Reversal: 13 130, 080, 12 975, 910
Sell
Break: 13 135, 095, 12 990
Reversal: 13 270, 375, 450
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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Daily analysis & day trading setups on DAX DE30EUR 20220822Happy New Week, Happy Monday,
13400 level is still important for DAX. But the battleground is now between 13250 & 13700 for this week
Macro US Chicago Fed National Activity Index
Buy
Break: 13 480, 590, 685
Reversal: 13 440, 360, 250
Sell
Break: 13 450, 375
Reversal: 13 530, 600, 710, 780
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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Daily analysis & day trading setups on DAX DE30EUR 20220819Happy Friday, Happy Janmashtami,
After Wednesday's big move, yesterday was an inside bar. So 13600 becomes line in the sand.
Bears want to regain control <13600 & bulls want to go back >13740
Macro No news is good news ?!
Buy
Break: 13 660, 780, 815
Reversal: 13 580, 530, 450, 370
Sell
Break: 13 585, 535, 460
Reversal: 13 670, 745, 820, 870
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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Daily analysis & day trading setups on DAX DE30EUR 20220818 Happy Thursday, Happy Janmashtami
What a move on DAX yesterday. As it has now broken 13510, 13510 becomes line in the sand. Break of that will open up 13360 & beyond
Macro EU HICP, ECB Schnabel Speech - US Jobless Claims, Phil Fed Mfg Survey
Buy
Break: 13 690, 755, 805, 850, 915
Reversal: 13 595, 530, 450, 365, 290
Sell
Break: 13 600, 540, 455
Reversal: 13 700, 770, 815, 870, 930, 995
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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DAX
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Fibonacci Confluence levels are here >>>
Daily analysis and day trading setups on DAX Ger30 20220817Happy Mid Week Day, Happy Wednesday, Happy FOMC Day,
Dax managed to touch 61.8 retracement at 13968 of recent down move. If support at 13852 holds, it can go to 14373
Line in the sand today stands at 13852
Macro EU GDP, US Retail Sales, FOMC
Buy
Break: 13990, 14065, 14160
Reversal: 13900, 13840, 13800, 13750, 13690
Sell
Break: 13915, 13845, 13810, 13760, 13710
Reversal: 14000, 14070, 14175
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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Daily analysis and day trading setups on DAX Ger30 20220816Happy Tuesday,
Line in the sand for Dax is 13850. However, for the rally to continue 13900 has to break. Bulls need to defend 13810 & 13780. Bears need to take out 13730
Macro : EU/DE Zew Survey, US Building Permits, Housing Starts, CAD CPI
Buy
Break: 13860, 13920, 14010, 14070
Reversal: 13800, 13740, 13690, 13600
Sell
Break: 13820, 13760, 13710
Reversal: 13945, 14030, 14085, 14120, 14150
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis and day trading setups on DAX Ger30 20220815Happy Independence Day to all my Indian brothers & sisters,
It is peak of summer vacation in Europe so expect choppy jumpy moves
Macro Nothing of great significance today
Line in the sand for DAX is 13830. A break below will bring some selling. A move above 13870 may start another run.
Buy
Break: 13875, 13955, 13990, 14030
Reversal: 13795, 13715, 13645, 13565
Sell
Break: 13805, 13725, 13650
Reversal: 13970, 14000, 14040, 14120, 14200
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis and day trading setups on DAX Ger30 20220812Happy Friday,
Bulls are trying to reach for 14k handle while bears are barely holding their shorts (full on pun intended)
Line in the sand for DAX today is 13580
Macro EU Industrial Production, GB GDP Estimate, US Michigan Cons. Sentiment Index
Buy
Break: 13690, 13760, 13830
Reversal: 13660, 13580, 13520, 13430
Sell
Break: 13670, 13600, 13530, 13430
Reversal: 13710, 13770, 13840, 13870, 13940, 14k
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis and trade setups on DAX Ger30 20220810Happy Midweek, Happy CPI Day,
As mentioned in yesterday's analysis, DAX not being able to hold above 13680 was ominous
Now a sustained move below 13440, break of 13300 will open it up to 12920. Will it happen today, we will see
It still has chance to gain back above 13680
13530 is the line in the sand today
Macro : DE HICP, US CPI
Buy
Break: 13550, 13630, 13685, 13740
Reversal: 13450, 13390, 13350, 13280, 13220
Sell
Break: 13460, 13400, 13370, 13300
Reversal: 13645, 13690, 13750, 13810, 13840
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis and trade setups on DAX Ger30 20220809Happy Tuesday
Macro: US Nonfarm Productivity, Unit Labor Costs
DAX not being able to hold 13680 and reach for 13780 is very ominous
The consolidation continues with no direction yet.
Line in the sand today is 13660
Buy
Break: 13640, 13760, 13840, 13860
Reversal: 13640, 13450, 13390, 13325, 13200
Sell
Break: 13650, 13550, 13460, 13400
Reversal: 13775, 13840, 13875, 13930, 13975
Green Goblin levels are here >>>
Confluence chart is here >>>
Daily analysis and trade setups on DAX Ger30 20220808Happy New Week, Happy Monday,
Nothing significant on economic calendar today. With academic vacation & summer in full swing, markets may range unless some geopolitical development happens.
DAX is likely to 13580 & 13770. Breaking of those H or L will bring some movements.
Today's line in the sand is 13620.
Buy
Break: 13680, 13750, 13820
Reversal: 13575, 13540, 13470, 13410, 13330
Sell
Break: 13610, 13585, 13550, 13480, 13420
Reversal: 13700, 13770, 13830, 13900, 13975
Green Goblin levels are here >>
Confluence levels are here >>
Daily analysis and trade setups on DAX Ger30 202200805Happy Friday, Happy NFP Day,
Macro : US NFP
DAX's line in the sand today is 13600 - yesterday's low. Bulls need to defend that and close above 13670.
Buy
Break: 13690, 13725, 13770
Reversal: 13600, 13570, 13500, 13450, 13390
Sell
Break: 13620, 13560, 13490
Reversal: 13680, 13720, 13750, 13850, 13930
Green Goblin levels are here >>>
Confluence Fib levels are here >>>
Daily analysis and trade setups on DAX Ger30 20220804Happy Thursday & Happy BOE day
Dax bulls are eyeing 13925 now but they will need to defend 13450. Near & below that level, things may change.
Macro: EUR Economic Bulletin, ECB Elderson Speech, GB BOE (everything), US Trade Balance, Jobless Claims, Fed's Mester Speech
Our pivotal level today is at 13600.
Buy
Break: 13670, 13725, 13760, 13820
Reversal: 13580, 13530, 13480, 13440, 13410, 13360
Sell
Break: 13580, 13550, 13490, 13450
Reversal: 13700, 13760, 13800, 13860 13920
Green Goblin levels are here >>>
Confluence chart is here >>>