This is my point of view for the DAX now. As i'm a student i don't have alot of time to check the chart. If I am able to watch the chart when it is in the sell zone that is mentioned in the title, I will upload an idea from that point with entry points and take profits. DAX is in a downtrend now, if the trade goes well we can make alot of points out of this trade.
Dax is very weak the lat couple day and weeks.
i enter short on this trade with a minimal risk,
the possible target is the weeky support zone
MA's are psychological resistance
price seems still bearish.
Fundamentally: the Eurozone is politically unstable. Debt is rising. The Euro may bottom soon if Draghi tapers QE. Rising US interest rates will put downward pressure on global equity markets.
Technically: there are multiple divergences on the 4H chart towards 11600.
Target: 11000, 10500, 10000
2016/11/17. DAX stock index forecast for next months and years.
DAX index forecast for November 2016.
The forecast for beginning of November 10511. Maximum value 11402, while minimum 10112. Averaged index value for month 10696. The index at the end 10757, change for November 2.34%.
DAX forecast for December 2016.
The forecast for beginning of December 10757....