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...
The price is still moving below the Hermes indicator that i built. The blue line represents the support and the red one represents the resistance. As you will see the sell signal received on 1st of October at 12 o'clock. There is no clear sign of reversal yet, following the price movements.
sell #dax 12402 and TP1=12285 take half of your gain and try to go to fill the gap on TP2=12187 ,also when u are around 12250 made a SL at 1290 like that if he up u are safe and with gain #dax30 #germany30 #dowjones #nasdaq #cac40 #sp500 #usdjpy
for china us trade talks i am sure e are on buy THE RUMOUR AND SELL THE NEWS
DAX 30 had big bearish wave ( we gain all wave past week +620 pips)
up correction continue till 50% Fibonacci @ 12140.0
DAX30 already has strong supply and demand area at the same level
Price rejected also by 100 MA exactly at the same level
MACD show BEARISH Signal on H1 chart
Must Read It;
Why its so bearish according to the technical analysis.
If you can see closely that candle pattern create an "Evening Star" pattern which is caused a bearish movement.
If you can see the circled area which is RSI line crossed the 60.49 horizontal line, if its crossed the 60.49 it will keep go down for certain period, which is a bearish...
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...
Friday's market analysis turned out very well again. The resistance level at 12 472 functioned perfectly and Dax even formed an intraday high there. Further to that, a Double Top was created too. Right after the 12 472 zone was retested, Dax fell and closed near its daily low. We open with an ascending gap today.
Resistance: 12 435