DAX has started to complete the final wave of triangle, wave (e), which consists of abc, and wave c has just started, down to 15500-15342-15238.
Still two scenarios. The bullish scenario (in green) shows an ending wave 2 down that will be followed by wave 3 up. The bearish scenario (in red) assumes more downside to finish wave C and a higher degree wave (4).
Still two scenarios. The bullish scenario (in green) shows an ending wave 2 down that will be followed by wave 3 up. The bearish scenario (in red) assumes more downside to finish wave C and a higher degree wave (4).
DAX40 is forming a bearish trend, DAX40 close yesterday's session with less than -0.8%. We should expect more bearish movements at the open of the New York and FOMC statement.
Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by wave 3 up. The bearish scenario (in red) assumes more downside to finish wave C and a higher degree wave (4).
Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).
Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).
In the higher timeframe, we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
Let's look back at the past trading week and learn from it. What went well? What could be better?
Trend Bullish CB’s bank lending survey reveals signs of concern in the credit market DAX technical levels of interest – prices remain elevated but waning volatility and momentum hint at a propensity for sideways trading to come A break above 16383 pushes DAX40 to achieve potentially possible 23850 A break below 11950 is the beginning of the Bearish trend(red...
Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).
GER40 - 24h expiry A break of bespoke resistance at 16000, and the move higher is already underway. Trading close to the psychological 16000 level. 16000 has been pivotal. Prices have reacted from 15704. Daily signals are bullish. The bias is to break to the upside. We look to Buy a break of 16013 (stop at 15913) Our profit targets will be 16263 and...
Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).
As predicted some time ago DAX 40 broke 16300 Now.... I have marked the next levels for you Use proper stop European stocks rose on Thursday, and Germany's DAX 40 index climbed nearly 1% to touch its highest level since January 2022, driven by the optimism surrounding the potential breakthrough in US debt ceiling talks, with expectations that a resolution...
With the DAX making all time highs and now creating new levels of support, the best we can do is work with previous levels. When an instrument is making ATH's it is difficult to chart exactly where the next level of resistance will be, as it is all untested area and it's up to the market to decide just how overbought it really is before we can move down. Looking...
Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).
We are looking at two scenarios for the DAX now. In the bullish scenario, there might be an opportunity to go long. In the bearish scenario, there might be an opportunity to go short.
We are looking at two scenarios for the DAX now. In the bullish scenario, we see an opportunity to go long. In the bearish scenario, there is an opportunity to go short.