It's not a struggle for the German index! The DAX index used all its willpower to find its way up and pushed all the way to climb above the resistance at 13 970 points. We're currently observing an upwards slope that should steadily move into the pink zone between 14 346 - 14 687 points. As soon as the blue wave completes its movement, the trend should turn into...
Here is my view for DAX on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for DAX on D1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Mid-time-frame: See a bearish trend; I expect market reaction when it goes to the shown box.
DAX - Where to next? Here is a technical view of DAX - a break to either direction. Keep in mind we do have FOMC next week, which should shift markets either direction! Have a great weekend. TJ
Here is my view for DAX on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
We don’t know what has startled DAX so much that it has jumped upwards and has come quite close to the mark at 12425 points again – maybe, someone tested its startle reflexes… However, the index is already back on track and should continue to move downwards into the pink zone between 11421 and 11060 points to finish wave III in pink, which it could also do in the...
Type : Bearish Drop Resistance : 13340 Pivot: 13004 Support : 12591 Preferred Case: On the H4, with price expected to reverse off the stochastic resistance, we have a bearish bias that price will drop from pivot at 13004 where the pullback resistance is to the 1st support at 12591 where the swing low support and 100% fibonacci projection are. Alternative...
Type : Bearish Drop Resistance : 12999 Pivot: 12809 Support : 12415 Preferred Case: On the H4, with price moving within a descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 12809 where the pullback resistance is to the 1st support at 12415 where the swing low support, 61.8% fibonacci projection and...
Looks like DAX has the hiccups, the way it is hopping about nervously. We don’t know what has affected its stomach – maybe it is the fact that the index is still indecisive about wave (2) in white. Apparently, it has not yet determined whether it has already completed wave (2) in white or wants to finish it a bit lower still, before resuming the overarching...
Type : Bearish Drop Resistance : 13341 Pivot: 13011 Support : 12422 Preferred Case: On the H4, with price moving within a descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from the pivot at 13011 where the pullback resistance is to the 1st support at 12422 where the swing low support, 61.8% fibonacci projection and...
Here is my view for DAX on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Type : Bearish Drop Resistance : 13344 Pivot: 12996 Support : 12370 Preferred Case: On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 12996 where the pullback resistance is to the 1st support at 12370 where the swing low support and 161.8% fibonacci...
Type : Bearish Drop Resistance : 13669 Pivot: 13346 Support : 12999 Preferred Case: On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 13346 where the overlap resistance, 38.2% fibonacci retracement and 61.8% fibonacci projection are to the 1st support at...
Type : Bullish Rise Resistance : 14239 Intermediate Resistance: 13980 Pivot: 13661 Support : 13350 Preferred Case: On the H4, with price expected to bounce off the stochastic support, we have a bullish bias that price will rise to the pivot at 13661 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, we would...
Type : Bullish Rise Resistance : 13968 Pivot: 13674 Support : 13379 Preferred Case: On the H4, with price expected to bounce from the stochastic support, moving above the ichimoku indicator and within an ascending channel , we have a bullish bias that price will rise to the pivot at 13674 where the pullback resistance is. Once there is upside confirmation that...
Type : Bullish Rise Resistance : 14220 Pivot: 13670 Support : 13351 Preferred Case: On the H4, with price moving above the ichimoku indicator and within an ascending channel , we have a bullish bias that price will rise from the pivot at 13670 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 14220 in line with 78.6%...
Type : Bullish Rise Resistance : 14213 Pivot: 13782 Support : 13670 Preferred Case: On the H4, with price moving above the ichimoku indicator and along an ascending channel, we have a bullish bias that price will rise from the pivot at 13782 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 14213 in line with 78.6% fibonacci...