The exchange rate is a multi-week intensive decline expected. Nearly 18% down from the current level. This means that the target price of the motion is around 8900 levels. From this level you can start later with a stroke of 40% more significant increase. But you have to wait. Currently, we are looking for short passes in the exchange rate for a few weeks. This...
This is my point of view for the DAX now. As i'm a student i don't have alot of time to check the chart. If I am able to watch the chart when it is in the sell zone that is mentioned in the title, I will upload an idea from that point with entry points and take profits. DAX is in a downtrend now, if the trade goes well we can make alot of points out of this trade.
DAX continues to make a new low and this week broke below 11/20 low (11009) suggesting that the move lower remains in progress. Near term Elliott Wave outlook calls for the decline to 11009.25 on 11/20 as blue wave (3). From there, rally to 11566.97 ended blue wave (4) as a zigzag Elliott Wave structure. Red wave A of (4) ended at 11403.72, red wave B of (4) ended...
DAX is approaching our first resistance at 11867 (61.8%, 100% fibonacci extension, 38.2% fibonacci retracement, horizontal overlap resistance) where a strong drop might occur pushing price down to our major support at 11066 (Horizontal swing low support, 100% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding...
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...
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...
Looking for areas for DAX to resume its fall in line with break of longer term H&S pattern. Cautious TP since attempting a double bottom
after the market open any one can enter with the 1:2 ratio stop 110 pips and target 250 pips
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!