Key levels to look out for, please refer to our 4 hour chart for a strategic view!
DAX s approaching our first support at 10799 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 11729 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34,5,3) is also approaching...
Hi guys ! This is an analysis on DAX . There is a beautiful bullish divergence with RSI and a double bottom . DAX 0.49% bounced on his strong support around 11 045-50 to complete this double bottom . Next week should be a correction with a upward retracement. I'm using Fibonacci level, and the price is currently staying on 78.6% of Fibonacci retracement , the...
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...
DAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension ). Stochastic (34,5,3) is also approaching resistance and we might see a...
DAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension ). Stochastic (34,5,3) is also approaching resistance and we might see a...
DAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension ). Stochastic (34,5,3) is also approaching resistance and we might see a...
DAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we might see a...
Key levels to look out for, please refer to our 4 hour chart for a strategic view!
DAX is approaching our first resistance at 11528 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 10799 (horizontal pullback support, 100% fibonacci extension, 50% fibonacci retracement). RSI (34) is also seeing a bearish divergence and we might see a...
Key levels to look out for, please refer to our H4 chart for a strategic view!
DAX is approaching our first support at 11425.37 (horizontal pullback support, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 12457.14 (horizontal swing high resistance, 61.8%, 50% Fibonacci retracement). Stochastic (55,5,3) is also seeing a bullish divergence and...
Key levels to look out for DAX . Please refer to our 4hr chart for a strategic view!
DAX is approaching our first support at 11425 (horizontal pullback support, 100% Fibonacci extension ) where a strong bounce might occur above this level pushing price up to our first resistance at 12547 (horizontal swing high resistance, 50%, 61.8% Fibonacci retracement ). Stochastic (89,5,3) is also approaching support and seeing a bullish divergence and we...
The orange up-sloping Fork is showing, that price is at the WL1, which gives natural support at this stretchy point. Another indication is, that price is now once more at the U-MLH of the white Fork that acts also as a support level, which we saw with the earlier touches. The magenta lines are plain Action/Reaction lines, derived from Newtons Law of...
DAX is approaching our first support at 11425 (horizontal pullback support, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our first resistance at 12547 (horizontal swing high resistance, 50%, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and seeing a bullish divergence and we might...
Key levels to look out for DAX. Please refer to our 4hr chart for a strategic view!
DAX is approaching our first support at 11728.60 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 12096.74 (horizontal overlap resistance, 50% Fibonacci retracement, potential 61.8% Fibonacci extension). Stochastic (55,5,3) is also...