The German index will soon face a major resistance zone between 13697.30 and 13936.5.
Until then, he should initially reach and surpass 13584.4 & 13623.
The main target is @13774, which is 200% of the AB's Fib expansion /red circle/.
If there is no daily close above 13940 then we should see a bearish move below 13251 in November.
In this case the main downside target for November is @12386.91 (also lower) and should remain red.
Until then, he should initially reach and surpass 13584.4 & 13623.
The main target is @13774, which is 200% of the AB's Fib expansion /red circle/.
If there is no daily close above 13940 then we should see a bearish move below 13251 in November.
In this case the main downside target for November is @12386.91 (also lower) and should remain red.
Comment:
13697.3 reached!
Comment:
All indices have to make a new high next week, and after that it will be interesting to see if there will be a drop or if they will continue to rise (which I'm not advocating).
DE30 will face resistance in the zone between 14414.2 and 14616.7.
DE30 will face resistance in the zone between 14414.2 and 14616.7.
Comment:
Daily