This Idea is first of many ideas I will be publishing. As you may already know, there is a market sentiment that a very long bull market in US equities is over. Analysts are predicting that a new bearish market cycle may start very soon. Because of these analysis, I believe DAX Germany has completed the reversal pattern ten days ago. As a result of this pattern...
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...
HST formation is on it's way.. Target price and one of the strongest support line is shared on graph. Good luck !
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!
Hello Traders, DAX short-term Elliott wave view suggests that the decline to 11865.47 low ended blue wave (W). Up from there, the bounce to 12460.67 high ended blue wave (X). The internals of that bounce unfolded as a zigzag structure where red wave A ended at 12184.41 high in lesser degree 5 waves. A pullback to 12064.41 low ended red wave B in 3 swings. While a...
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...
These are the key levels to look out for on the DAX. Please refer to our 4 hr chart for a strategic view!
My view on the current situation. Feel free to comment and correct as this is my first ever idea published ;)
We see a pullback towards an old important support line. Worth to take a short from here.
DAX daily chart view has been brought up again to bring up the larger picture. We have been following this chart since 12500 levels and our initial expectations have been almost met at 11800/900 levels yesterday. Also note that the 3rd of Wave (3) might be into progress, at a lower degree and if this count holds true, we could see prices dropping below 11750...
Based on the 1H chart, I see a great opportunity to hop on this strong downtrend. We probably will meet this level because of the divergence (on the 1H chart) and the support line on the monthly chart. If we fail the short at this level and it hit our stoploss, I will take another short @300 which is also mentioned in the chart. Let's hope the best traders!
Looking to allocate short on a break of the purple trend-line - I like the break in EXY so EUR denomination suites the thesis - Volume Profile is favourable EXY for reference
DAX - the German Index made an Sell Initial Impulse (Xi), following by Corretive buy Pressure into SHS Formation. Price expands this Structure on Friday. For the upcoming Week, it seems to be that this Asset will see more weakness...