SPX a bit stretched overall, top of the channel, also SPX more stretched versus Germany...
TP = 12,100 hit as the 1D Channel Down (RSI = 31.146, MACD = -146.100, Highs/Lows = -253.3571, B/BP = -407.1202) made a 11,882.0 Lower Low. This was very close to our final 11,877 target so that short has been closed manually. We are now expecting confirmation to short further, which will be validated if the March 26th low = 11,706.5 breaks (in which case TP will...
It apears that DAX is likely to crash as it has formed a beautiful head and shoulder pattern. It is possible but I think DAX is less likely to break to the downside because: (a) DAX is completing the complex fourth Elliott wave which has retraced back exactly 38% of the third bullish wave started in June 2016. It is now likely to move up in the fifth wave. (b)...
This will be my views of German Stock Index DAX (Sept 2018) Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in...
Long DAX30 @ 11,948; TP @ 13,000, SL your choice
TP = 12,550 hit as the 1D Channel Down (RSI = 42.259, MACD = -17.900, Highs/Lows = -20.1645, B/BP = -179.2980) made a near 12,600 Lower High. The index has now resumed the downtrend and should attempt at least another 12,100 1D support test. Our initial target is 12,130 and if 12,100 is crossed we will continue with a TP = 11,877 with the SL on profit to ensure...
Bearish DAX. If pull back toward 580 happens, I will sell the DAX. This is my first chart published, please give me some feedback or different ideas!
Hello, traders! DAX - Potencial Reverse H&S Pattern? Also we see Bullish Flag. Possible targets on the chart. Alternative scenario - Red Arrow. Let`s see. Wait for the candle to close. High risk trade! I will comment on the idea, as events unfold. Thank you for your attention.
TP = 12,500 hit as the 4H Channel Up (Highs/Lows = 40.1429, MACD = 32.900) continued rising following the 1D Double Bottom two weeks ago. 1D is now on Lower High territory (RSI = 49.327) and we are looking to extend our buying strategy towards the potential Lower High of the 1W Channel Down, which should be around 12,620. Our extension TP remains 12,550 and we...
TP = 12,355 hit as the 12,080 1D support was kept intact and DAX made a Lower Low on its Channel Down (RSI = 46.830, Highs/Lows = 0.000). Currently the price is even above our maximum expectation of 12,400, so attention is required as we approach 12,510. Since the 12,080 support was respected, at least on the short term, the index should technically approach...
This will be my views of German Stock Index DAX Aug 2018. Please make sure to read the "update" comment as there will be changes along the way. You are welcome to "Like" and "Comment". Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may...
The German leading index charged through a daily trend today fueled by the escalating news from Turkey. As you can see we're closing in on the trend line that was formed in 2016 after the "15-16 sell-off". With the 10 day RSI indicating "oversold" a rebound to the previous trend line (12350) is a possibility after which I'm expecting another down turn and...
DAX is about to complete a very long term Head and Shoulders pattern on the Monthly chart, thus the neutral RSI = 51.621, ADX = 29.826. 1D is a Channel Down formation (RSI = 34.363, MACD = -73.300, Highs/Lows = -357.2500, B/BP = -455.2462), which if the 12,080 support from the previous Lower Low breaks, will hit 11,900. If it is rejected, then it will rebound to...
Some relief rally for bears to tap more liquidity before they further continue with their slaughter. Do like and share the setup if you agree with it.
Hello Traders, In this short-term analysis, we will have a look at the German DAX Index. DAX short-term Elliott wave analysis suggests that the rally to 12882.05 high ended red wave X bounce. The internals of that bounce unfolded as Elliott wave double three structure where black wave ((w)) ended at 12640.87. Black wave ((x)) ended at 12468.68 and black wave...
Long DAX30 @ 12,500.00; TP @ 12,687, SL your choice
Disappointing German Manufacturing figures paint a very concerning picture for Europe's largest economy. Posting a 5.9% drop in foreign demand for German products in June, Manufacturing data is responding to Trade War speculation and Trump's proposed tariffs. Will this spill over into other Eurozone markets? More importantly where is the German economy headed in...
Hello Traders, DAX short-term Elliott wave analysis suggests that the pullback to 6.28.2018 low ended blue wave (2) at 12088.56. Up from there, the rally higher to 12769.8 higher ended red wave 1. The internals of that rally higher took place as impulse structure with internal sub-division of 5 wave structure in black wave ((i)), ((iii)) & ((v)). On the other...