We currently see the Dax in an uptrend as it broke out of the inverse had and shoulders pattern and continued it's upward momentum supported by a spike in volume. However we see the index as overbought with the RSI at 73.6 so we still have a short position and would expect the Dax to start falling in the coming weeks.
Pattern: Channel Down on 4H.
Signal: Bearish after a Lower High rejection today.
Target: 11,855.70 (4H Support).
*Note: If 11,800 breaks, the 1D Channel Up can technically reach its Higher low at 11,620.
We can see a clear sell option in Ger 30,why?
RSI on most time frames in hell.
Bad economy data from Germany an EU.
Open Interest rate May 2019 is at 11.500.
We see first spikes of panik buys.
-> We have US Index rise from 22% + since x-mas 2018.
This will explode :D first we correct :D
DAX is on a very strong bull run since its December bottom, maintaining the trend on a 1D Channel Up that was recently broken to the upside (RSI = 71.535, MACD = 158.900, Highs/Lows = 203.0988). The index now enters into the overbought zone and the Inverse Head and Shoulders pattern on 1W suggests that it will approach the 12,460 neckline before any meaningful...
DAX is approaching our first resistance at 11778.68 (horizontal pullback resistance, 50% fibonacci retracement , 100% fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 10989.90 (horizontal overlap, 50% fibonacci retracement , 61.8% fibonacci extension ).
Stochastic (21,5,3) is also approaching...
So I was expecting a pattern here and we have a perfect Impulse and a corrective structure which seems like a ZIgZag ABC.
A smaller degree impulse happened inside the structure so we will look for a buy set up; however it could continue correcting, let's hope it goes as planed.
Always trade with care,
Hello Ladies and Gentlemen
I want to present you my newest idea for the upcomming movement at GER30 Index.
The first wave started with an Island GAP which got closed fastly. This Island GAP sent me the first bullish signal. After a long first wave (625 points) the market recovered to the 50% Fibo almost perfectly. This area is the same level where we had the...
The DAX high of 13'601 came down to 10'281 (3'320 pips). Then it went up to11'390 , retraced just off 50% which likely means that it will go up to 11'940 or thereabouts. That level also happens to be 50% retracement of the down from 13'601 to 10'281 which leads me to think that we can expect a strong fall to 8'620 or thereabouts.
Those that have followed my...
I'm looking at the last structure as a complete expanding flat and as you can see it broke the trendline after the last bottom. It hasn't gone up very impulsive sofar but after correction, it can gain momentum. Now, I'm waiting for a small drop, reversal impulse and correction to place an entry order. I don't place an order above the last top at...
Here we come again with extraodinary forecast, as usual. We update our long-term view on DAX 30 Index.
Our last year suggestion was a large H&S pattern. But it had one weak moment - Dow Jones has not completed all time extension target, while all other major indexes, such as DAX, NASDAQ already have done it.
We've made a forecast on DJIA few...
*If you like this idea, please support it with a like or share. Thank you.
EU Indices crashed during the second part of 2018 and these bearish sequences were successfully tracked with the analysis in the related ideas.
2019 started with a bang!During the first quarter It was unclear if stock markets worldwide indeed were to recover like that. I have to admit, I...
Hello to all who watch my charts.
For days DAX is in an upward movement and in a fairly wide Long channel.
As you can see, the distance to the lower channel band is quite large.
It currently runs at about 11860 and that is a good 120 points below today's closing price.
In addition, we are at a round number
Having arrived at 12000, that has always shown the...