FX:GER30   DAX index of German listed shares
526 0 2
I believe that DAX             will hit critical buyers somewhere between 6 and 5 k, so there is a good way left. However we are now extending past the latest swing low, this movement cannot continue forever and should be exhausted by the time we reach 8 200s. In other words we may expect a surge back to 10 100s, where DAX             should find more powerful sellers before it gets pushed down to 6 k.
Comment: Daily chart:
It appears that we made a bounce of the lower median line (blue, dashed) and are heading back to re-test the prior swing low (orange, horizontal) from below. If we stop at that level without even reaching to the nearby center line (grey, dotted) I will see it as a sign of extreme weakness and expect a rapid acceleration to the downside.
Comment: This analysis is no longer considered to be valid. Thank you for your attention and happy trading!
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out