Exact as promissed the decision point has been at
After fall through that level Dax tried to climb again
on new highs, but failed and builded a double top
as double resistance at
11980 (blue line)
Than small supports at
11930 and also at
Nex bigger support waits at
Thats the best chance for a rebound in my oppionion.
Hello to all who watch a charts.
Dax is still LONG, I think that's clear
But what can we expect for the next trading days ?
As you can see I have now drawn 2 support lines in red below these Dax
should not fall for further long positions.
That's the first at 11974 (ca) and the second at 11963 (ca) so we say :
A range from 11960 to 11980 is our support zone...
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...
Hello to all who watch my charts.
In the Dax DEU 30 we have a short situation since yesterday.
As I posted Dax was allowed to fall to the lower line of the Long Channel.
But not below.
Yesterday it dropped significantly below and there is now a short channel formed, which I have marked in purple.
I've simplified the chart image a little and a few...
Daxi In BUY zone
11650 as first target
if SPX does go GARTLEY, then dax will follow to 11700 ( 61.8% fib )
LOOK @ DMI - always turn point when BULL vs BEAR are far away
THE DAX CHART JUST REPRESENT THE REMAINS OF THE PREVIOUS ONE , BUT ITS JUST SOME SUPORT AND RESISTENCE THAT PRICE IS FOLLOWING . .BY NOW IS STILL UNDEFEATED , CLEARLY THE ANALISYS WAS MADE FOR THIS .
ITS SEEMS UGLY , LIKE ABSTRACT ART BUT IT REPRESENTS .
Hello to all who follow my charts.
The Dax runs exactly in the long trend channel up I have drawn
I marked it red again
so that he is better to see.
The dax today has 2 new resistance lines taken out of his way, which I have now marked as support in blue.
These are the two upper skewed straight lines at about 11775 (current state)
So he has continued to...
An obstacle in the way, in the last few days we are on the upward trend that is still real today, so to those who ask how long will the gains continue? The answer in the graph above, We expect the dax30 will continue rise to the 200 Moving average and then it can give a downward correction Once this happens we will have to follow and see whether the decline will...
Dax is going straight on in the long setup run
The trade setup is exactly as in my last DAX post
We are in a long swing here as described
What is new:
We have a long setup now in a establisehd long CHANNEL !
I have marked them in red color.
As far as DAX is trading in these long channel all long positions shold be save
Even if Dax tumples out of the...
As described the days before DAX has made a new Long setup
verify to see at the new red marked trendline long
For the next trading day:
If Dax can not hold the strong long setup there is a blue marked
long support line below where Dax could hold and stay in long
If these trendline also breaks there is the big support
( have colored in black) at around...
Dax today has not his strongest day.
Starts with a big jump and starts exact as the resistance at 11615
hat a little bit resistance here i call this to 111620 and than a direct fall
to our well known long trendline we have seen now many days in Dax chart.
I have marked them in purple.
From these support DAX could bounce back a little at the end of the...
Hello to all friends watching my charts
Now today german DAX has made a positive return today in the long track again.
Maybe you remember my Nasdaq Chart from end of friday trading
where i told that thees reversel may come
Please check the chart now.
Dax has managed to come out of the short channel
and climed above the upper line of the channel i have marked...
Dax is going down exact as descriped in the new trend channel
Nothing really new things happens today.
What to mention is:
Dax found support at the support line of around 11410 -
aerea 11421 - 11420.
Mabye from that point Dax can revcover now to the upper line
of the red marked trend channel down
(Up to 11500 aerea is free spcae there till end of mondays...
Short Term Elliott Wave view in DAX shows a bullish sequence structure from December 28, 2018 low, favoring further upside. The Index has potential to reach 100% extension towards 11912 – 12157 before ending cycle from December 2018 low. The rally from December 28, 2018 low is unfolding as a double three Elliott Wave structure where wave ((W)) ended at 11321.62...
As we have now the bespoken broke of
the last long support trendlne today at
around 11500 (marked in blue)
we are now in a short setup.
It has also established a short trend chanel if have marked in red line for better view.
In these trend channel i estimate lower
prices, maybe Dax will come at the upper line of these channel at 11550 for end of...
Now we are in a criticall aerea.
At close of 6.3. today DAX is still long, but we have to find support
tomorrow at the lower RED marked trendline.
Dont make a mistake its NOT a short setup yet.
If !! the red trendline is broken, than we can talk about
a short setup.