DAX bounced off our first support at 11008 ( Inverse head and shoulder neckline support, 23.6% fibonacci retracement ) where a further rise might occur pushing price up to our major resistance at 11757.29 (50% Fibonacci retracement , 100% Fibonacci extension , Inverse head and shoulder porfit potential ).
Ichimoku Cloud shows bullish trend where we might see a...
Our signal for the DAX is BUY, we are believe the resistance will fall soon! and the Dax will continue a short UP trend and will follow the American indexes!
Bullish Engulfin in the middle of the month, maybe is a good signal to Buy it right now in Portugal,
Price at 0.618 Fib Extension, in a regression AB Elliot Wave, that can turn on 12345 Bullish Waves, Gartley's Bat Pattern, Everything of this makes a good sound,
Dax with good reversal sound from his downtrend as well.
Good news for Mr. Costa, & co.
I take a long due to this chart. downtrend is getting weaker and it could be logic that it is testing the trendline again. I'll update this chart on a lower timeframe to enter a short position when it is at the trendline.
Hi guys !
This is an analysis on DAX . There is a beautiful bullish divergence with RSI and a double bottom . DAX 0.49% bounced on his strong support around 11 045-50 to complete this double bottom .
Next week should be a correction with a upward retracement. I'm using Fibonacci level, and the price is currently staying on 78.6% of Fibonacci retracement , the...
This week is likely to mark the end of the downturn and it should not come as a surprise to reach the 11,000 point range again.
Subsequently, a strong upward movement should start and bring the Dax over 12,000 better 13,000 points.
But it is still too early and the expected upward movement must then be analyzed again. The danger is that the green IV has not yet...
Good opportunity to Buy.
This week the price is to start rising. It has created plenty of room for the upside and is near its lower channel on bigger Weekly and Monthly charts. We can see a very big move from around here up to around 13800-14000. However, move can be not very sharp and take some time to reach that level. So Buy with longer term perspective as...
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...
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...
We can see a clear Wolfe wave pattern at DAX index. Also we can see a divergence on all indicators especially on MACD, that confirms that pattern.
Now the "price" located at the sweet zone and we have a Short term opportunity:
To take some profit => open a LONG position with 2 targets:
1. ±11350 points
2. ±11750 points
I will update this idea
Good luck!
#DAX (GER30), bullish divergence formed. good entry point is 11490, sl below the low of October 11380, secure sl is 11250, Dax is on seasonal low. longer term view is bullish for targets 11970, 12100 & 12300
Price has broken to the upside and formed a re-test of the previous resistance line.
Sellers were not able to keep price in the channel, which suggests we can see another push higher.
I have split the trade into three target take profits, all representing previous highs.
DAX
The German Index has been playing out well as predicted in our membership forum.
We should be expecting a slight retrace and then a continuation for price to reach our take profit.
Risk averse traders can move their stop losses to break even.
