Investors will continue to monitor oil prices that managed to close Tuesday's session higher, but are sliding on Wednesday as crude inventories in the US rose much more than expected the sentiment could also be influenced by the Fed's gathering that will conclude later in the day, with investors awaiting the bank's fresh view on the state of the US and global economy
Can we expect a collapse of the Europezone " As Goldman Predicted" A Monetary divergence etc etc..!!!! * I remember this word, Hey guys Please Help Me, Do you see few Potential H&S Pattern on daily Chart* lol lol ahahahhahaha where do you see them?? ahahahahah
Shorting till 0.764 fib level. This area is where consolidation occurs - as shown by the circles on the chart. Overall trend is still bullish as long as the key pyschological support 10,000 holds. Thus why I am hedging by buying GER30 futures. Stop loss on buy positions 10,179 and 10,000.
dax at 50% back retracement from lows.
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The german stock index DAX30 is running out of steam after a 600 point climb in October. Not surprisingly it needs a break, which makes a pullback scenario likely. I don't believe there is enough juice left in the market in order to let the DAX30 break the current horizontal resistance as well as the upper border of the downtrend channel. A short pullback...
Expect that DAX will test again the all time highs until December 2015. I think december FOMC meeting can bring the 1st rate hike since 2006. My opinion bulls will lose control in 2016 and bears will come and bring DAX to 5.500 area (see the red line from the last lows) . SHORT TERM - BULL LONG TERM - BEARISH See chart to understand my view...
The reaction post FED was a bit unexpected, at least for me. All indices ramped up (dax not so much actually) and then reversed with conviction. The big question now is - what's next? Is this choppy 4th wave finally over? A look at the daily provides some clues. The peak of the bounce was just above the 50% Fib retrace, while the decline from there looks like...
As previously warned, once the 1st TL was broken the 2nd one comes up fast. Down trend looks back, but this is still a chop zone, so risk management must be paramount. Choppy 4th waves can chop a lot of accounts. GL to your trades!
DAX weekly already begin to build a ascendant channel. A big up move will come in this next leg up. I can make a projection to 16.000 to achieve in the 1st Quarter 2016, many will call me crazy. For me this number (around) can be the Top of this HUGE Bull market.
Follow our trades boafx.com - sorry a little late posting this one, you can see how the Dax has retested the trend line and now showing rejection, the risk reward is huge so plenty of time to still get in. We are still lokking for a 50% pull back on the long term up trend
Very interesting movement of European indices, where everyone made it out of the minimum of the day, closing positive after the support base (by definition support) of the descending channel that have been negotiating since early April . Thus, we believe that it is time to open long positions in all the European indices and in the case of the German Dax 30, with a...
Please leave me your comment whether you agree or disagree so we can open an discussion or if you like the chart just simply like it. Thank you for your feedback. Rising EURUSD and Bunds yields are not helping DAX to pick up momentum and gather some bullishness. As price recently broke through the support at 11200 next target could easily be 10800 (618 Fib)...
Last attemp to get long near the May low doesn´t work. We get SL at 11.150 Next attemp to get a LONG position will be around 10.800 level, bottom of the descendant channel. DAX still consolidating but DAX still bullish in the medium / Long term, that´s for sure. I think between 1 and 3 months DAX will make new all time highs.
Even so, and despite the falls at this time exceed 2% for the week it is certain that the weekly candle is not indicative of anything. At the end of the day what lies ahead is simply a bearish backlash that left a very strong support at 11.167 points (minimum of 'hammer' formation) and has since been moving sideways. Stochastic Oscillator remains rotated downward...
Recently we recommended the opening of bullish positions in DAX30 with a stop loss (on closing prices) below the minimum decreasing last (or minimum reaction) in intraday minimum of 7 May session. Now just slightly went up the stop loss up to 11,594 points ('gap' up the May 19 session). Close this 'gap' up (ie the void), execute the stop loss, given the...
It had said that on Tuesday session, where European indexes rose on average more than 2%, the first resistance zone and since then have been overcome we started to have minimum and maximum growing, which is always a sign of solidity. But that's not why we think we will ever directly to the annual maximum, reached in April. In the past few weeks correction...