Germany 30 overview for this week. Fundamental and technical.

The price have been holding below the 0.5 level on fibonacci, 12599.4.
And could be sending a signal, that the price have more downturn to come.
The price failed to break the 0.707 level on fibonacci, which is also the
resistance line in the trend channel. this can be a sign of further downside, also looking at the
aggressively bearish candle almost right after it hit the resistance line.

I see a five wave minuette sequence, that is about to form. with 11166.9 as the bottom,
which is also 1.27 on fibonacci level.

If the price breaks the trend channel, it can be heading towards 12532.5 area before retracement
back to the resistance line on the trend channel, which will be the new support for the price befor further upside.

Wave (i) 11930.1
Retracement to (ii) 12187.4
Continuation down to (iii) 11489.4
Retracement to (iv) 11701.2
and continuation to the fifth and last wave (iv) 11164.8 before correctional waves. ( i will post this if this analysis is validated)

In the Technical analysis we also have
Regular bullish divergence (Yellow rings)
while at the same time we have hidden bearish divergence (Red rings)

This is sending a lot of mixed signals, and the price will be very volatile in the coming days, weeks and months.
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Fundamental:

There is happening a lot in the markets right now. We have a brewing trade war, with Trump using his negotiation skills to get more lucrative deals with China. China have been aggressively and have hit back with the same actions, and promise to counter measure the same tarifs as the US. The problem is that china is running out of areas it can strike back with on the tariffs, as china only have a $169.8 billions of imports from US. if china will impose also the threatening $100 billion from US on additional import tariffs.

Therefore china have no option but to strike on the companies operating in china and can be very costly for the American companies that are in Chine.

This week we have a very weak economical data coming out from the Euro zone. with German trade balance Monday. French CPI Thursday. German and spanish CPI Friday. The data have a consensus as last time numbers.

From The US we have a lot of medium importance numbers. We have PPI Tuesday which is expected to be 0.1% let than previously
and core PPI which is forecasted to be holding a steady level, with the same as last time. also we have FOMC member speaking the same day.

Wednesday we have Core CPI (YoY) (Mar) which is forecasted to be 0.3% higher than last data. also we have FOMC Meeting minutes.

Thursday with Initial jobless claims which is forecasted to be 231k. Last time it was at 242k and is a slight decline in the data.

Friday we have 3 FOMC speakers JOLT´S Job opening, and Michigan Consumer sentiment.
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We have for a short position:

1. 5 wave sequence formation
2. The price have tested the resistance on the trend channel and failed to break it.
3. The price have been staying below the 0.5 Fibonacci level
4. Bearish Hidden divergence ( marked with red rings)
5. Fundamentals, a coming week with a thin amount of macroeconomics data from Euro zone.
6. Trade war, with no negotiations, between US and China in sight.
7. FOMC speakers with a hawkish view on the interest rate hikes.
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For a long position.

1. The price have been testing the support at 12150.5, and have not broken it yet.
2. Regular Bullish divergence ( marked with yellow rings)
3. Can be heading towards 0.5% on fibonacci to test the level.
4. Positive numbers from the US.