Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point
GER30 - Intraday - We look to Sell a break of 12838 (stop at 12952) We are trading at overbought extremes. We have a Gap open at Monday from 12478 to 12668. A higher correction is expected. Rallies should be capped by yesterday's high. We look for a temporary move lower. Our profit targets will be 12542 and 12442 Resistance: 12950 / 13050 / 13170 Support:...
Dax has run strong so far. I am expecting this run to continue for a longer period of time. But uncertainty hasn't entirely left the system yet. We are still facing corona or the brexit e.g. to just name some of it. So there s a high probability for a short-term break of that run. There are different scenarios likely. I. Dax is ending its run soon by breaking...
GER30 - Intraday - We look to Sell a break of 12288 (stop at 12404) Short term MACD has turned negative. We expect an initial move higher to fail and look to set shorts on a break back through 12300. Our outlook is bearish. 200-hour EMA is at 12324. Bearish divergence is expected to cap gains. Broken out of the wedge to the downside. The bias is to break to the...
GER30 - Intraday - We look to Buy a break of 12721 (stop at 12619) Short term MACD is moving higher. We have a Gap open at Monday from 12478 to 12668. Short term RSI is moving higher. We look for gains to be extended today. We can see no technical reason for a change of trend. Our profit targets will be 12972 and 13082 Resistance: 12700 / 12950 /...
GER30 - Intraday - We look to Sell a break of 12245 (stop at 12371) Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We expect an initial move higher to fail and look to set shorts on a break back through 12250. Our outlook is bearish. Trades at the lowest level in 21 weeks. Bearish divergence is expected to cap...
GER30 - Intraday - We look to Sell a break of 11378 (stop at 11472) Prices are extending lower from the bearish flag/pennant formation. We can see no technical reason for a change of trend. Our outlook is bearish. Trades at the lowest level in 21 weeks. We look for losses to be extended today. Price action is forming a bearish flag which has a bias to break to...
Let's see if the levels will be causing a reversal in the price movemrnt. We have calculated these levels on M,W,D,4H charts
DAX can go up even with the lock-down announce in Austria 11900 would be nice pullback for German companies to selloff some of its share to face the next consequences take this on your own responsibility Dax will join here no-trend land which mean a lot of volatility
GER30 - Intraday - We look to Sell Prices are extending lower from the bearish flag/pennant formation. We can see no technical reason for a change of trend. Our outlook is bearish. Trades at the lowest level in 21 weeks. We look for losses to be extended today. Our profit targets will be 11104 and 11015 Resistance: 11400 / 11500 / 11700 Support: 11300 / 11100 / 11000
GER30 - Intraday - We look to Sell a break of 11428 (stop at 11521) Posted a bearish Flag formation. A break of 11450 is needed to confirm the outlook. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Our outlook is bearish. Trades at the lowest level in 18 weeks. We look for losses to be extended...
DAX holding on. I dont expect a break, lock downs are not as severe as earlier in year. Economic activities will continue.
The Stimulus is probably not gonna be served pre-elections. The overall market sentiment is bearish from my point of view. Its very likely to count the last two waves up we've seen as finished correction pattern. Im expecting so far a continuation to to downside.
In our previous analysis about the key German DAX index we have mentioned about two potential head and shoulders patterns. One is larger than the other. The market has created a strong downward movement and has completed the smaller pattern. The neckline has been broken and retested as a potential resistance. After that the price dropped to the textbook target...
Hello everyone, here is the top-down analysis for DAX, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
This is the price action and the target for DAX. Disclaimer: This is not financial or investment advice Stay healthy, trade safe. Atilla Yurtseven