As the price level pulled back into bullish territory, May candle found resistance at the 50SMA on monthly chart and closed below the 61.8%. That is strong resistance. So far, as economies in Europe reopen, we still look on the bullish side for now, but need the break of 50SMA for more confirmation. ECB rate announced on Thursday will shed more light on the QE...
Please, please take the money and keep it forever. Repayment is just like interest payment - devil's stuff, that's why the investors like to pay the interest to the (above all, God like) German government, so the burden of economic decision is taken away from the investors. The honorable and cheered government can distribute the money to all big companies and...
Hi there. Price is losing its bullish momentum. Watch strong price action at the current price for sell.
As the equities took a bullish turn on the positive outlook on economic re openings, DAX approached the 61.8% retracement since the sell off. If the fundamental news do not change, we should see a break higher towards the 11800 round number. First target of the breaks is 12000. Please support the idea and share your thoughts on DAX! Good Luck and Stay Healthy!
I keep to try focus on Range Trading : Sell Resistance and Buy support. If it's Break last High, it's likely because of positive news on DAX. Have good weeks, and Good Trade.
I am still waiting for an opportunity to short, in my view, we see a glimmer of hope until august - september. But I guess when it gets colder more people will go to the doctor and become sick, so more corona infections. My assumption is that insider will trade some weeks before that corona wave 2 to save their assets. This second wave would be fatal, cause...
Dax tried to go lower and found support this week this isn't over yet. Next week i believe we will have some positive days moving towards the wave (4) a key resistance level for dax. It is expect to see a rejection at his level bringing the price down to complete last wave (5) attached to this idea is the Sp500 and last week De30 analysis Last week i mention...
Line confirmed again yesterday and now broken. Target 10200. Please support the idea and share your thoughts on DAX! Good Luck and Stay Healhty!
Big German stocks looking for ABC correction: SAP VOW SIE LIN BAS BAYN is one of the big stocks that is not clear. We see a triangle pattern on daily chart. If this breaks bearish then we have a big red week for the Dax DE30 seems to reflect this trend next week we will be looking for ABC correction
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
DAX in a good rising channel with multiple confirmations. Break to the downside is a sell signal, need an impulsive break. It will also break 50 and 200 SMA's. If DAX continues to the upside this morning, waiting to see if it can break higher than 61.8% to have more confirmation for a long. PMI from Europe this morning is released, so could cause...
The next target will be lunched after the price break the Fibonacci golden level 10196.8
ABC correction oportunity price touched Fibo level and generated a big engulfing candle on the daily time frame indicating the beginning of the ABC correction
Key points to consider: - HUGE daily engulfing after touching 61.8% Fibo - H2 MACD crossover - Hourly chart 3black crows Price looking for ABC correction
We can see that we've reached top of the channel which is respected for some time. Also we can expect some pull back after this big pull up, so I think there is possible that we can retest 10900 level which would be also the bottom of the channel. We shall see.
Good reason to buy in daily chart
We are in earnings week, with a massive list of companies reporting their financial figures. Markets expected be highly volatile. Some technicals may be pointless. It is also the last week of April. Looking at DAX we see that it is currently in the 2nd consolidation channel since the lows, right below the 50% Fib level. A break to the upside is a buy signal to...