Tuesday's session was a bit odd from our point of view. Dax initially descended to our support at 11 646, but rather than bullish correction we hoped for, price action rather slowed down. Dax then closed near it's intraday low and today we open with an ascending gap. Important zones Resistance: 11 691 Support: 11 560 Statistics for today Detailed...
If you entered a short around 750 level, you can hold 1 of them towards the trendline below.
The last session of the previous week did not offer something really interesting. Our support at 11 716 did not work as a point of reflection, but rather as a place where the market slowed down for several hours. Today we are opening with a long gap. Important zones Resistance: 11 899, 12 031 Support: trend line Statistics for today Detailed statistics in...
Hello to all watching my charts After the last break of the trendline (purple line) (please check my last DAX post here a few days ago) the chance of long has not fullfilled and Dax stays in the short signal aerea with lower and lower and lower prices. So what comes next ? Of course i am not able to tell you the future but some things are to mention. 1. We...
The price has clearly coincided with a Head and Shoulders pattern, and heading for the support trendline. Afterwards, it could either breakout downwards(WAIT FOR A CONFIRMATION) or bounce upwards. Good Luck!
Hello to all watching my charts Today i will show you trhe power of trendlines and broken trendlines as trading points. For example here is the DAX Germany DEU 30 index on base 1 HR We are long since 4.7. 11925 / broken left blue trendline short since 9.7. 12400 / broken purple trendine +75 points long since 15.7. 12400 / broken blue...
The German Dax 30 index is currently fully valued ripe for a correction. On a DCF valuation, it is 100% fully valued using 3.8% growth and 8.6% discount rate. With interest rates at zero and low inflation, this index is very expensive. The Dax broke through the upper trend line recently, I think this is a bull trap. With American markets heading south, so too...
#renktrade Hello to all watching my charts. here is the latest update of german DAX As we all god in the news that the trade communication between Trump and China will get a new chance , the stockmarkets all over the world are rising , that has been clear. So DAX also . My both Trading Cannels are long, longtime channel and shortime chanel also. Thats not...
Thursday's session was very nice and with reasonably volatile moves for profitable trading. Dax first climbed to hit Wednesday's high and by doing this, the statistical probability of 82% to break previous day high or low was fulfilled. A bit later, sellers took over even though we expected them to react on higher prices. The price sliced through the support zone...
Those of you who drew the resistance line at 12 433 haven’t done so in vain. Look at this luxurious reaction from that level. After a nice short move from the 12 433 level, Dax eventually found some buyers around Wednesday’s close. Today, the price opens with a significant short gap. Important zones Resistance: 12337, 12373 Support: 12219, 12191 Statistics...
Hello to all watching my charts Dax LONG Today the Dax is since the EZB announcements and FED meeting in the bullish aerea again And the Dax is exact in the middle of my channel , so at the moment nothing in front what for me can change the setup quickly We have some resistance at around 12400 from may but in may oppinon "Trend beats resistance" and i would...
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...
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...
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,...
My view has not changed, on the DAX being bearish until September.
*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. 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 Z...