DAX has made a Bullish SFP at the Low of the Trading Range. This downward movement also seems like a Bear Trap which gathered the enough liquidity for the next leg up. But first, price needs to reclaim the upper zone of the Key OB and get back in the Wedge.
Please let me know if you have any suggestions or any ideas...
The DEU.IDX pair has been trading in a junior ascending channel pattern since June. The pair bounced off the bottom border of the channel pattern at 11616.2 on June 3.
The German 30 index made a pullback south from a resistance level at 12571.5 during yesterday's trading session.
Currently, the pair is testing a support cluster formed by the 50– and 200-hour...
This is the last analysis of the week. As expected, Dax initially declined yesterday and closed the gap. Buyers entered at our support but didn't last long. After some 35 points, buyers were overpowered by sellers again. Following was a retest of 12 328 level which was broken out by some 16 points before buyers flexed their muscles. Today we open with an ascending...
The resistance zone at 12 601 we mentioned yesterday turned out to function perfectly. After retesting the 12 601 level, Dax went sloping down. The weekend gap has been filled from it's third only and today the price opens without a gap.
Support: 12 385, 12 428, 12 508
Statistics for today
Detailed statistics in the Statistical...
kcell jsc reg.shs:Being consolidated within "3.63 & 4.66"channel ,High stabilization of the above mentioned channel Triggers a bullish trend.
In general, low risk is evaluated
. Target 1: 7.12
. Target 2 : 9.24
We have seen the current trading set up on DAX during its previous mini bear cycle (April 2015 - February 2016). During that time the index finally broke upwards for the new mini bull cycle once both Lower High trend lines were crossed and held as supports on at least 1 re-test.
Currently DAX has broken above the first Lower High trend line (dashed) and has...
Daxi In BUY zone
11650 as first target
if SPX does go GARTLEY, then dax will follow to 11700 ( 61.8% fib )
LOOK @ DMI - always turn point when BULL vs BEAR are far away
The index is still on a long term recovery within the 1D Channel Up (RSI = 58.547, MACD = 106.300, Highs/Lows = 0.0000). This time however 4H is on a Lower High sequence with 11,400 supporting this fragile set up. With the price already rejected just below the 11,686 - 11,838 1W Resistance Zone, we are expecting a stronger correction if 11,400 breaks. TP1 =...
This is a long term chart of the German Stock Index Dax. The upper trendline was established at the pre Financial Crisis peak in 2007 and later at the peaks of 2015 and 2017. This were good selling points. The lower support trendline is giving support since the Creek Dept Default Crisis in 2011 and fears of a China Slow Down in early 2016. This were good buy...