If you are bearish this DAX chart will make you happy. Bigger picture headed lower in wave C potentially Assumes triangle wave B ended and breakdown since then forms waves i and ii of C Whereby ii has retraces 61% of i and also a=c within ii plus ii has retested underside of triangle breakdown
The overall bias for DAX on the H4 is bearish. Looking for a potential retracement sell at 12906.26 where the 23.6% and 50% Fibonacci line intersects. Stop loss will be at 13564.83, slightly above where the 61.8% Fibonacci line is. Take profit will be at 11862.84 where the 0% Fibonacci line and previous low lies. Please be advised that the information presented...
DAX Weekly Volatility Forecast 17-21 October 2022 We can see that currently the volatility is around 4.14%, falling from 4.33% of the last week. At the same time, its currently place on the 85th percentile based on the ATR calculations. With this in mind, around this percentile, we can expect an average weekly movement from the open price of the candle of: In...
For the time being I have no reason to be optimistic regarding DAX. I think it may complete the simple correction, getting to the resistance cluster and will continue down the hill.
On the H4 chart the overall bias for DJI is bearish. Looking for a potential retracement sell entry at 12906.26 where the 23.6% and 50% Fibonacci lines are. Stop loss will be at 13564.83, slightly above where the 61.8% Fibonacci line is. Take profit will be at 11862.84 where the previous low and 0% Fibonacci line is. Please be advised that the information...
Bayerische Motoren Werke AG, abbreviated as BMW is a German multinational manufacturer of performance luxury vehicles and motorcycles headquartered in Munich, Bavaria, Germany. The company is one of the most popular and respected manufacturers among car enthusiasts. If we consider some of the most popular fundamental ratios, a P/E of 4.96 (the industry`s average...
Hello, Singapore Telecommunications Limited, commonly known as Singtel, is a Singaporean telecommunications conglomerate and one of the four major telcos operating in the country. The company is the largest mobile network operator in Singapore with 4.1 million subscribers and through subsidiaries, has a combined mobile subscriber base of 640 million customers at...
MBG ist about to go down. Long-term trade XETR:MBG The automotive industry in Europe is facing hard times (energy crisis, decline in consumption). In terms of the chart, MBG is clearly falling and now it would be appropriate to follow the trend and earn with little risk. The intermediate target at MBG will initially be the EUR 47 mark, but it shouldn't be too...
The lowered profit margins, decreased demand, disruption in the supply chains, and increase of the interest rates by the central banks, are among the factors that caused a headache to the investors in the German sportswear company. The direction of the trend is still valid and the long squeeze is more likely to continue to the 90 support level Risk Disclosure:...
DAX Weekly Forecast 10-14 October 2022 We can see that currently the volatility is around 4.25% for this week, falling from the 4.53% from the last week. Currently there is around 18.2% that the asset is going to close either above or below the channel: TOP 12727 BOT 11623 The current volatility percentile is around 90th, placing us in a very risky environment....
Elliott Wave Analysis DAX Index Details on the chart
Germany's largest carmaker and DAX40 group Volkswagen did not perform well on the stock market in recent months and the share price went south. Since the beginning of the Ukraine war, the price lost slightly over 50% or 126€. On the overarching chart picture, however, this sell-off is only part of an overarching correction according to my assessment. The market...
As I mentioned earlier, Larger Channels are generally stronger than breakout patterns. The DAX 30 has been in a strong downtrend since 5 Jan which isn't slowing down any time soon. We can expect another bounce to around 13,064 before it turns down and makes new yearly lows to around 11,620. Thank you for the trading analysis suggestion, let me know if you need...
What happens when they lose focus of the bigger picthre the Major EXCLAMATORY Drop Just playing around creating pictures in charts. Im a chartist with good intentions at heart
DAX shows incomplete bearish sequence from 11.18.2021 high and 3.29.2022 high favoring further downside. Decline from 3.29.2022 high is unfolding as a double three Elliott Wave structure. Down from 3.29.2022 high, wave (W) ended at 12390.95 and wave (X) rally ended at 13947.85. Wave (Y) decline is now in progress with subdivision as another double three WXY in...
New projects are always very uncertain, but easy to identify patterns lead you to easy profits Accumulation speaks for itself.
DAX in USD compared to World GDP is nearly at a long-term trend support. I expect both DAX indice and EURUSD to perform better from now on.
DAX Weekly Forecast Analysis 3-7 Oct 2022 We can see that currently the volatility is around 4.27% for this week, decrising from the 4.44% from the last week. Currently there is around 18.2% that the asset is going to close either above or below the channel: TOP 12483 BOT 11420 The current volatility percentile is around 90th, placing us in a very risky...