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...
We have a nice strong bullish momentum on GER30 and it is likely to get carried forward further. I am expecting it shall easily travel to 12590. If the bullishness persists, it can retest to 12800 regions. Let's see, Press "Like" and "Follow". Sonic Disclaimer: The information contained in this presentation is solely for educational purposes and does not...
The risk sentiment just converted to risk on as investors seems to take buying positions in the global stock markets. Dax just violated major resistance of 12392. I'm seeing next resistance near 12600. Keep following for more updates!
Long DAX30 @ 12,290; TP @ 12,536, SL your choice
Main bearish outlook-- Another break of the long term rising trendline is bearish Shallow rebound from 12610 low on June 19 has ended- setting up re-test and likely break of 12600 Next key support could be 12400 Bullish alternative 12600 level holds, maintaining trading range enrivonment (level is significant because it was resistance after the February sell-off...
Today another weakness in the European market, mostly due to bad news from Italy and their governmental struggle. Technically formed H&S pattern broke the neckline and is currently retesting is, after being rejected on 38% fib retracement of the move. It is also in line with a 200 SMA at the time of writing on a daily timeframe, a close below could further...
All details in the chart...
German30 (DAX) – Trading Plan I will be looking to buy DAX above the support level of 12630. I know the support is at 12680 but the DAX often eats 50 pips in the process of stopping at support and taking a reversal. Let’s monitor 12630 now.
DAX It is in a nice medium uptrend but we are seeing some bearish price action in H4. It should the potential swing down to a good support may be on the way. I am seeing 13000 level as a good TP level aka support. DYODD and Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not...
at the chart we have a rising wedge with minor waves and a rising wedge inside the minor wedge with minute waves. break of the red line with the minute waves can lead the price to test the green line with the minor waves. where a break of the minor wedge can lead the price back to between 12.400 and 12.540, where 12.400 is 0.5 on fibonacci levels and 12.540 is...
DAX We had a strong break out 2 days ago and it is stalled now. I am watching the regions of 12,800 very closely. If the price cannot break out that region again, we should see a SELL down toward 12,550 and 12,420 region. Of course, the bias will become invalid if the price swing strongly above 12,800 level. DYODD and Trade Safe s0nic Disclaimer: The...
Let's talk about DAX. I am seeing the exhaustion of the index and it may be due for a pull back, at least a small one. It can go to 12,450 as an easy restest. DYODD and Trade Safe 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...
The price have broken out of a downward trend channel and haven't tested the breakout line yet. the price have had a 44 angle down trend, with a following 63 angle of breakout. The movements have also made a double top on the upwards run. this 2 tops can be counted as a triple top test. If you look at the start of the trend channel, you se the price have ben...
The price have been holding below the 0.5 level on fibonacci, 12599.4. And could be sending a signal, that the price have more downturn to come. The price failed to break the 0.707 level on fibonacci, which is also the resistance line in the trend channel. this can be a sign of further downside, also looking at the aggressively bearish candle almost right...
DAX30 – BUY Position: 00 with SL @ 11700.00 Targets – 12200.00 / 12450.00 / 12650.00 / 12850.00
Take a look at DAX weekly chart. 11900 is a very strong support, on which the price bounced back multiple times. Are we going to see an head and shoulders pattern? We alredy have the first two elements. Now we need the right shoulder.
A rising wedge is forming after a longer downtrend. The rising wedge are functioning as a consolidation pattern. Take in minde that a rising wedge is a poor performer, historically. __ Entry will be when the support is brokken. if so we could se the price go to 11.800 and 11.700 If not, and the price breaks the resistance line. we could se price go to 12.190....