European stock markets rallied today amid indications that major central banks might have concluded their tightening cycle. The DAX index in Germany edged up by 0.1%, fueled by growing investor optimism about the European Central Bank's pause on interest rate hikes despite bleak economic data. The Eurozone faces a potential recession in the last quarter of the...
The DAX in Frankfurt exhibited robust performance, closing at 16,150.17 with a 1.10% surge, largely fueled by positive market responses to German Consumer Price Index (CPI) data and Federal Reserve hints at potential rate cuts. German CPI figures for November indicated a substantial easing of inflationary pressures, favorably impacting investor sentiment....
European equity markets, especially the German DAX, are poised with a bullish sentiment despite concerns about a potential economic slowdown in 2024. Analysts surveyed anticipate a moderate increase in European benchmarks, projecting a 4.1% rise for the pan-European STOXX 600 index and a 2.5% increase for the Euro STOXX 50 index by the end of next year. Amid...
Pair : German 40 Index Description : Bearish Channel as an Corrective Pattern in Short Time Frame and Completed " 123 " Impulsive Wave. Rejecting from the Lower Trend Line to complete the " 4th " Impulsive Wave and Retracement for the Break of Structure Entry Precaution : Wait for the Proper Rejection or Breakout of Trend Line
last week the price managed to form a new HH and at the close it looks corrected. the chances are that the price will still have a limited downside before continuing bullish.
Pair : GER40 ( German 40 Index ) Description : Rising Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Retracement Divergence Break of Structure Completed " 12345 " Impulsive Wave Exp FIAT as an Correction in STF
special request from one of our members. --- this is the german index,,, i don't know much about germany, but i reckon it's in a similar situation as our market: >bears keep shorting, >market maker keeps squeezing. >the more the bears add, >the higher the index goes. >index can't drop until the bears do. --- what i'm depicting in the above chart is...
Dax is showing signs that it maybe ready to breakout out of a large scale high volume node that started in early June if the market breaks out of that area there is a considerable amount of space that it can run to the upside German 40 Buy Stop Entry 13550 Stop Loss 13450 Take Profit 1 13840 Take Profit 2 13940 Be aware that on Thursday Aug 4 GBP will have...
DAX is on very strong support + RSI Divergence. If no bad news, It can go to new ATH. Must by With SL 14700, Braking 14700 can crash DAX