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DAX (GDAXI)

Real-time derived
Symbol
Exchange
Currency
DE40DerivedEUR
GDAXIXetraEUR
Currency in EUR
Disclaimer
18,073.62
-64.03(-0.35%)
Closed

DAX Forum Discussions

Not bad for a Monday i guess… we need more volume to break 700.
For the time being have a look at US Nat Gas and Gold if you’re interested.
this is going to hit branches all the way down as most people have been buying the dip for months without retrace so a tough habit to break. with news a different story but needed to get below 680-690 meangingfully. lets see what the american session does and if japan holds its high
We are finally on the right track. 550-600 next i dont think its a big support but definitely 400-450 is at the moment.
I hope youre right my friend. I think 660 will be a bit sticky - check out 1 hour TF
I do like the way is going at the moment. Not so aggressive so it doesn’t go to oversold area. Let’s wait and see.
Possible Evening star forming on the daily timeframe which would mean more red daily candles.
Monday it’s quite day generally, the earnings season ended usually sell off comes after earnings. Im hopeful for this week but as always dont trust the market.
Good point about the sell off after earnings season Ahmed. Lol I definitely don’t trust the Dax after all of these shannigans.
i think this willl range today agree 17600 is a big line of support but i will be surprised if there is enough momentum to break 17700 in a meaningful way. again needs a catalyst
It bounced off 600
popcorn moment, if it goes below 17690 then you will get at least 17600 as profit taking as ahmed says you should expect that without any additional news. but allways a hard call when everything is at an all time high
a bucket full of popcorn by my side :))
Morning, it has just broken 17740 (9 ema on the 4 hourly). There’s quite a few strong levels to get through. 17600 is the daily one.
So it looks Wednesday and Friday are the days to watch. Wednesday - ECB interest rate and will set the tone for the rest of the month. Friday - US non farm. US indices have to retace back down on the weekly and we are agreed 17200 for Dax. Hoping for a profitable week for us all.
i like Heikin ashie as it's the most reliable way to follow momentum or see when things reverse. i'm insure about a reversal to 16400 but i am very convinced about 17200 or 17000 after a big struggle around 17450-500 best of luck with your positions next week
It looks like our support levels are all very similar. Usually on Sundays, i like to have a helicopter view of the indices on those high timeframes and have a look at the economic calendar. Ill check back in with you tomorrow.
Guys switch your candles over to Heikin Ashie and just look at that.
you would have got a bigger drop but it qas saved by the american market kicking into life. next week we will see if it consolidates or falls
Wednesday is very key,, its can make this drop to 17000 easy with one comment from Powell testifying.. lets see but i still believe its more likely down then up.. have a good weekend everyone
Keep those p0sts coming Ahmed- you fill me with hope! I tend to agree with you that it looks knackered now with consolidation although i do worry when Powell goes off script. He seems like a people pleaser and tries to soften things. But bottom line there wont be any interest rate cuts for many months. Anyway Lets take a breather and we’ll catch up again on Monday morning. Have a wonderful weekend folks!
I want it to retrace back down to the monthly - 16400
Guys so much for stairs up, elevator down eh?
Did you see that fast drop at 2:48pm - one of the big boys have sold up …
Must have *
While this sorting itself out.. have a look at Oil if you’re interested.
Let’s see what it’s like at 12pm because this is a monthly cycle where new bulls enter up until 11ish on the first day. Good luck to them!
spain up 0.6% cac down 0.35% it's a little all over the place currently.
17724has to go for this to be meaningful
Yeah the pivot point is 684 on my chart - so we need to go below at least 724 to enter the bear territory.
Euro area inflation rises to 2.6% in February :)
That was on the cards but i was afraid to say it out loud in case i tempted fate :-). Right if it doesn’t go down now, then i dont know!
inflation and unemployment looks good for bearish market, it should start to come down now.
you were right!!! :-)
Half hour for data to come out, so we might have some reaction to that, this red hourly candle looks promising tho. So we might be done with up.. Lets see
Look like its going to its usual pump before the data is released …
it’s normal tho, but im a bit hopeful now we are very close to the end of this.
okay this is where it has to have a 2nd rejection otherwise it will frind back up
its still got buyers kicking as they will follow the uptrend like zombies. so i think a little back and forth 17740-50 but it breaks 17724 then yes i would agree with the further drop. i did write a longer post of analysis but its been held up by mods i think. but basically if the instis want this to go back down today then it will. they will drive the market to stops and profitable action.
Oh do you reckon they will start stop hunting the bulls? Euro inflations data is due today too. Once we see those instis sell up we are going to see it take fast drops - it’s always a tell tale sign.
Morning guys, look at that lovely red hourly candle. I must say i was concerned when it was consolidating around 17795 overnight and being the first of the month. I was thinking here we go but as Johnsdale said there was no appetite to push it further….well as im writing this now. It could all change. If it breaks 715 on my chart , then its confirmation we are heading for 17500. It would be a good start :-)
That hourly candle is flourishing into a lovely bearish engulfing candle .
closing under 17600 today and next week water fall till 16400 by end of month
According to my indicators, 16400 is my price level too for the end of the month, 680 is the Pivot point so lets see how it reacts to that.
cac is down 0.25% after a big climb shame as that index behaved sensibly throughout. i got told by some decent contacts this was pumped as the pe ratios in germany are so low compared to american valuations anf that is something to take note of for retraces. i don't know if this will go lower than 17500/17460 but lets see. remember this is still a very strong untrend and i highly suggest running trades both ways esp when short but each to their own. on that day scalper. don't beat yourself up about getting caught out i've traded this successfully for years and as ahmed said this was a once in a year kind of event. if your still alive at the end you did everything right. thanks for the sensible chat last few days gents kept me sane.
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