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Dax30long

DAX LONG!The DAX (Deutscher Aktienindex (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the Xetra trading venue. According to Deutsche Börse, the operator of Xetra, DAX measures the performance of the Prime Standard’s 30 largest German companies in terms of order book volume and market capitalization. It is the equivalent of the FT 30 and the Dow Jones Industrial Average, and because of its small selection it does not necessarily represent the vitality of the economy as whole.
XETR:DAXLong
by khotso.mokhele70
DAX - Breakout of the bearish channel or short below 11050?Since October 8th, the DAX has lost close to 1000 points. This graphic offers a technical framework on the bear trend and shows that the DAX moves into a bearish parallel channel which has been tested several times. We can also notice that prices have reacted on 11050 points. In my case, before to take a swing position on DAX, I am waiting for : -A breakout by the top of the bearish channel to open a long position or -Prices move below 11050 to short the DAX
OANDA:DE30EUR
by Kevin_Tchoulfyan
2
DAX Elliott Wave Analysis: Bounce Can Be TemporaryHello Traders, In this short-term analysis, we will have a look at the German DAX Index. DAX short-term Elliott wave analysis suggests that the rally to 12882.05 high ended red wave X bounce. The internals of that bounce unfolded as Elliott wave double three structure where black wave ((w)) ended at 12640.87. Black wave ((x)) ended at 12468.68 and black wave ((y)) of red X ended at 12882.05 high. Down from there, DAX is currently suggesting that it is unfolding as a potential 5 waves structure. Where blue wave (i) ended at 02/08/18 low (12491.53), blue wave (ii) pullback at 07/08/18 peak (12740.66), and blue wave (iii) at 08/13/18 low (12321.45). Currently, it is in the progress of making a pullback in blue wave (iv) before extending 1 more leg lower in blue wave (v) before a 3 waves bounce higher can be seen. We don’t like selling it.
XETR:DAX
by Elliottwave-Forecast
Elliott Wave Analysis: DAX Ready For Rally Higher?Hello Traders, DAX short-term Elliott wave analysis suggests that the pullback to 6.28.2018 low ended blue wave (2) at 12088.56. Up from there, the rally higher to 12769.8 higher ended red wave 1. The internals of that rally higher took place as impulse structure with internal sub-division of 5 wave structure in black wave ((i)), ((iii)) & ((v)). On the other hand, wave ((ii)) & ((iv)) took place in 3 waves corrective structure. Above from 6.28.2018 low cycle, the rally higher to 12369.5 high ended black wave ((i)). Down from there, the pullback to 12115 low ended black wave ((ii)). The rally higher from there took place in 5 waves structure & ended the black wave ((iii)) at 12630 high. Below from there, the pullback to 12513.5 ended black wave ((iv)) as a contracting triangle. The final rally higher from there ended black wave ((v)) of red wave 1 at 12769.5 peak. Down from there, the correction against 6.28.2018 low cycle completed red wave 2 at 12454.5 low after reaching the blue box area at 12540.50-12446.86 100%-161.8% Fibonacci extension area. Near-term, while dips remain above 12454.5 low and more importantly above 12088.56 low, expect the Index to resume the upside in red wave 3 higher. We don’t like selling it.
XETR:DAXLong
by Elliottwave-Forecast