FX:GER30   DAX index of German listed shares
722 28 8
- Probably falling lower to 9100.
- Note there are key levels at 9700, 9630, 9531, 9413, 9119.
- 9100 could very well be the point of rebound.
- DAX             has now lateralised enough and there is now space to climb.
- If 9100 retains, the upside could be up to 10,600 in March15. That is the possible upside now.
- If it does not go up after 9119, let's just say that it becomes more dangerous to stay short now.
- The strategic stop on longs is 8700.
- Below 8700, could open to 7500/7000.
9461 / 17:30
2nd target 9474, goal was achived
see you tomorrow
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Geert2000 PaulusDAX
9200 will be hit this week.
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9494 as the Fibo 61,8 was reached exactly
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YaKa PRO PaulusDAX
Agreed.
Note however that those fibonacci ratios are often respected on first touch on the dax.. it does not guarantee lasting respect.
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i see a potential inverted cup amd handle pattern, the handle is forming now. if i am right than big drop could be, neckline 9200 target around 800-900 pips down
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Thursday: Monetary policy decisions + Mr. Draghi conference
9497 now against expectations 9474
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jangseohee PaulusDAX
Paulau, do you wish Draghi to push "Print QE" or keep his hands off? :-)
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PaulusDAX jangseohee
See interview with Mr. Draghi at the Handelsblatt last week.
ECB chief Mario Draghi said last week, that the risk, that the ECB does not fulfill its task of ensuring monetary stability is greater now, than six months ago. This is the signal for radical easing policy (Fears of Deflation)
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YaKa PRO PaulusDAX
He is going to do a QE Yes.
The impact is not clear though.
How comes the price is not excited by it as much as you are?
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