DAX shows Elliott Wave bullish sequence from August 15, 2019 low (11266.48) favoring more upside. The rally from 11266.48 to 12497.28 ended wave (1) as a 5 waves impulse Elliott Wave structure. On the chart below, we can see wave 3 of (1) ended at 12471.83, wave 4 of (1) ended at 12141.82, and wave 5 of (1) ended at 12497.28. Index then pullback in wave (2) and...
We saw a nice bounce from lower resistance on $DAX on Friday. I believe we could be in for a trend day on Monday taking us to 12.155, if we manage to break through that area we could see another test of the top of the trend channel, but I find that unlikely. I might try a long Monday morning depending on how it opens, but will definitely look an opportunity to...
After the steep bearish movement of the DAX it bounced on MA200 on Daily and created a bullish pinbar. On the 4h you can see that it is at historical resistance (from early september). it seems to be pushing up into the resistance and the RSI suggest bullish momentum. A break above 1200 could mean a bullish move up to MA200 on 4h or even up to historical...
Dax has opened on monday morning with a expected pullback Move, but how far will it retrace or will it go sideways?
Daily stoch and daily RSI are telling us since many days that past uprun is running into exhaustion as the oscillators are turning down starting to leave high levels.
We have major key levels that we can easily watch and manage our Risk From...
Tuesday's session started relatively calmly until we saw a volatile candle at around 9am, when Dax fell prudently just to retrace some time later and closed the gap. The price continued lower steadily and after retesting the low formed after the NFP release, Dax found some buyers who took the price back to its daily range. The close was actually near its intraday...
A possible long position on DAX to retest the broken daily trendline .
two possible entry
1. at 11770
2. at 11853
long to 12442.
Inverse head and shoulders seen on 4hr and retest of neckline is entry point
The last session of the previous week did not offer something really interesting. Our support at 11 716 did not work as a point of reflection, but rather as a place where the market slowed down for several hours. Today we are opening with a long gap.
Resistance: 11 899, 12 031
Support: trend line
Statistics for today
Detailed statistics in the...
Hello to all watching my charts
After the last break of the trendline (purple line)
(please check my last DAX post here a few days ago)
the chance of long has not fullfilled and Dax stays in the short
signal aerea with lower and lower and lower prices.
So what comes next ?
Of course i am not able to tell you the future
but some things are to mention.