Elliott wave view in DAX calls the pullback to 11625.31 as ending wave (W). This move lower ended the decline from May 3 high. The Index thus is within wave (X) rally to correct the cycle from May 3 high (12435.67) before it resumes lower again. On the chart below, we can see the rally from June 3 low (11625.31) is unfolding as an impulse Elliott Wave structure....
Running two shorts atm - 12079 and 11919 After yesterday almost flat range (kinda) of the DAX, I opened an extra short on top of my 12079 - Opened one literally 2 mins before Trump was tweeting , but even without that I was looking too short. Due to the news, it is hard to find the bottom at the moment. so my sentiment stays bearish - and a possible drive through...
It is not yet time to Buy but my traningplan for the next bull run is ready. So the only what i can do is wait and trink one, two, three,... bottle of beer. :-) Wish you all a nice Father's Day and who it is not yet, maybe just Beginning today ;-) Greetings from Hannover Stefan Bode
1-Convergence 2-Compelete Wave 4 3-Head and shoulders
Exact as promissed the decision point has been at 11960. 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 11890 failed. Nex bigger support waits at 11760 Thats the best chance for a rebound in my oppionion. We...
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...
Going to keep riding this wave, more pips to come by the looks of it.... nice tight stop on this one as well... enjoy...
Nothing between the current price and next support... enjoy... easy pips...
Gm Traders If SPX Bat's, daxi will follow First TP 200 EMA - around 11645 Then We look if short or keep on rise ... Drive Safe
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...
Hi traders Daxi In BUY zone 11650 as first target BUT 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 (bottom indicator) Drive safe
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 30 broke out of the neckline of the inverted Head and Shoulders. Cheers!