Hello to all watching my charts.
Dax now is in a consolidation mode.
I prefer at the moment the lower side
with a 60 to 40 percentage.
The reason i have no fine feeling for staying long is
that we see lower lows and lower highs.
I tried to marked it whit the red lines.
In classic charting thats a downtrend.
But after the strong rally from 11640 to the...
I am staying bearish. Technicals might need a recalibration under current market conditions.
I do not see the Dax flying to the moon soon, especially when the ripple effect of supply chain management across the world becomes a bigger issue and might get some stops and holds on their output - export of the automotive sector.
Deutsche bank is not in the clear yet,...
We can see that on the weekly chart we are still at the beginning of the decline on the Dax in the Stochastic, the weekly trend is a downward trend, after each decline the Dax returns to the rise but each time lower than the previous time.
We continue to recommend a sell signal.
Entry Price: 11960
Stop Loss: 12400
Take profit: 11200
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DAX30 - Elliott Wave Outlook
Bearish Swings - Patterns:
Triple Three structure in Super-Cycle Wave (IV) (green)
W (purple) - Expanding Flat
X (purple) - Three (false break-out)
Y (purple) - Complex Flat with a Descending Triangle
X (purple) - Running Flat
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...
Welcome to a new trading week. Friday’s session turned out exactly as expected. From the beginning of the session, Dax went through our first support level at 12 121 to retest the second support level laying at 12 054 where the price bounced and even formed a daily low there. Later on, Dax slowed down in the consolidation area from Wednesday and we even closed in...
DAX has been on an upward rally for the past few months and has now come to an end. With fundamentals and technical analysis we can clearly see where DAX is now headed, DAX last week managed to break an important level of support with the Trade War and now the Mexican tariffs being imposed by Trump, the market is now on a downtrend potential, with nothing...
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...
Bearish momentum continued yet for another day in a row. After the open, Dax took a south direction and the price reached the support level of 11 861 without any problem. This level was retested a couple of times before the price eventually closed there. Yesterday’s price action took us to the low formed on 01 April.
Resistance: 11 986, 12...
A red channel is descending, the trend is completely downward, you can see that the Dax stopped precisely with resistance. Later, it returned to resistance in a short time and again it did not succeed. Now the sellers are taking over.
Entry price: 11980
Stop loss: 12250
Take profit: 11630