The DAX index has tested first potential support at 13170 where the equality to previous correction is set. We are talking about one to one correction or running correction. It seems that only a move below this level may open the way to the next potential support set by 23,6 Fibo retracement or the bullish gap near 38,2 Fibo retracement. However, the German index...
We see here the Dax since the 1970's. At the beginnig we have a clear 5 wave impulsiv structure. At the beginning of the new Millenium this structure change to a corrective one. But at this time I could count it also as an impuls. The clearest indication for a corrective structe is the Wave from 09/2011 to 05/2014. I do my best to count this wave as an impuls but...
$DAX weekly doesnt look sustainable given the vertical moves in the past have all corrected heavily . EURUSD advance is negative for germany exports
An interesting development on DAX after the planned highs last week. We will go through what does it mean, how is this an advantage to sellers and when is it appropriate to add to the position. The same focus can be applied across the global equity board. Resistance can also be conceived with the presence of stimulus; but total restraint, which reigns from...
The German DAX index has reached the highest level since the beginning of September. The area of 13452 pts. could be a strong resistance that has stopped the bull run in the past. What is more, in recent days the market has created a shooting star candlestick pattern with relatively high volume. Now the volume seems to be falling when the market tries to stay...
EURUSD Is Moving According our Analysis from last few months. This forming bull flag Pattern and as you all can see this has Breaked that level before taking any Retesting. Now it has maximum Chances that it will target Price level 1.26 Keep in touch we will update further soon
As with all indices, since US election, Dax had a good run-up of 2000 point or almost 20%. Now the index looks like running out of fuel and a drop to 12500 is possible. I don't rule out a spike up towards 14k, but this in my opinion will be short-lived and can be used as a good entry point for sellers
Broke the rhombus & retested. Short to downside ?
Pattern: Channel Up on 4H. Signal: Buy once the price approaches the 4H MA50, which has been supporting since November 19. Target: 13500 (+1.75 projected rise from the 4H MA50 contact). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
USOIL Is also Moving According our Analysis from last few days. Now this is in Retesting Period. And it can touch Price level 43.60 that is a strong Support level. It has maximum Chances that it will bounce back from this price level. Keep in touch we will update further soon.
In this video, we take a look at how Manufacturing PMI data in Europe and Germany is used by the investment community to know when to buy or sell stocks with the European region. This economic indicator is a powerful tool we can use to a clear idea as to the expected performance of the German 30 index and STOXX600 Index. Manufacturing PMI data is available on...
DAX30 shorting idea fiboretreacement. Please consider your own Levels risk. Good Luck
My view on the German Dax.
from 200 to 0.51 Almost 400X 63.674M Market Cap If it doesn`t bounce from here, then when?