YaKa
Short

DAX Weekly Picture - My call: SHORT

FX:GER30   DAX index of German listed shares
249 6 3

Disclaimer:
Markets tend to go up - Acknowledged.
Here, participants widely expect a sovereign QE out of europe.
10,200 is resistance but breaking that would open to 11,000/11,600.

At the end of any rally, you have many supports on the way down that end up being broken.
Here, my view is QE in europe will not go down well (either wont happen or wont be well received).

Supports are:
9500
9110
8600
7235

My call: a large correction to 7200/7500 is in the brewer for the next few months.

Invalidation of that call: a close above 10300, which would keep me watching in amazement to 11,000
agree with the chart, now testing weekly ema55, which should hold at weekly close in order to stay in uptrend, (if not, then previous break above 9400 was meaningless/fake/trap and uptrend is over) and eustxx holding 2960

add support at 8200 fib channel, this fib channel is significant, the top was also at fib parallel of this channel at 10075

if 8200 /8150 last ATH broken, then 6000 target as longterm support

snapshot
Reply
Well, you voice is heard :-)
Reply
YaKa PRO jangseohee
well 30pts is scalping noise on the DAX.. but every little helps:)
Reply
YaKa PRO jangseohee
300pts - now we talk:)
Reply
Yes ;-) http://www11.pic-upload.de/15.12.14/rwciccz33ifa.png
+1 Reply
lost 261 at close
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out