Analysis Summary:
1. Current pullback after a strong impulse move suggests a short-term retracement.
2. The imbalance zone (highlighted in red) around 23,970–24,010 may act as a magnet.
3. Alternatively, price may continue lower to tap into 4H demand / liquidity zone before reversing upward.
📌 Educational purpose only. Not financial advice.
Let me know your thoughts or if you see it differently — open to feedback!
1. Current pullback after a strong impulse move suggests a short-term retracement.
2. The imbalance zone (highlighted in red) around 23,970–24,010 may act as a magnet.
3. Alternatively, price may continue lower to tap into 4H demand / liquidity zone before reversing upward.
📌 Educational purpose only. Not financial advice.
Let me know your thoughts or if you see it differently — open to feedback!
Trade active
4. Macro Risk: Recent announcement of a 30% tariff on EU goods by Donald Trump could shift sentiment bearish. If imbalance fails, we may see a full CHoCH and deeper downside (if no deal reached by Aug 1st).Note
EU holds off $84B tariff response to Trump's 30% threat, hoping talks avoid a trade war. DAX40 took support near 24,059 (before the imbalance)— could bounce if negotiations go well otherwise bearish!Note
Update 16 July: Could a PPI beat today trigger short term rally in DAX40 amid ongoing trade discussion and USD strength? Note
update 17 July:Market is tracking the forecast well so far — price is reacting as expected near imbalance and support zones.
Note
update 20 July: Trump’s demand for a minimum 15%–20% tariff on imports from the European Union is creating bearish sentiment for FDAX heading into next week. A confirmation of this move could trigger further downsideNote
But if the U.S. and EU agree on a 15% tariff and the EU is okay with it, FDAX might bounce, since markets were expecting something worse
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.