Hello traders and investors!
Stocks are still down and we see German DAX trapped in a higher degree wave (B) triangle consolidation which can be already completed or still in progress, so be aware of a continuation lower within wave (C) soon.
From technical point of view, wave (C) can extend its decline even down to 11k, maybe even 10k area, so watch out for...
mr Powel instead increase rate little by litle ...he increase rate and give market bad shock
Trump was better than these stupid mans
if dax can break upper trendline can flyup to 13000 even 14000 area
if it break low can crash to 12200 area = fibo161%
in angel strategy put buystop sellstop is best action
keep watching AC 4hour on dax
The DAX futures index (FDAX1!) followed exactly what we pointed out on our last analysis more than a month ago, as it got rejected on the All Time High Lower Highs trend-line (1) and is now approaching the Support Zone that started after the March 07 Low:
As you see, that Support Zone has so far made a Double Bottom (March 07 and July 05) and along with the...
i love dax (dow gold ) go up to 14000 but i try analyse witout my self sense
technical say dax can go to these level ..frist 12200 area if can break it can carsh to 11300 (with stupid Biden and Powell and their bad actions this can happend )
so be careful ,,keep monitor AC indicator on 4hour
note 1 : break red trend line is buy signal and big +up...
Indicators are neutral, trend is bearish but then again it looked bullish yesterday and went down anyways. Sweden went 1% on the rate hike....
Gap direction is a crap shoot, staying out and playing the Fed pump in the afternoon
Following weekly chart.
Marked H&S setup in the chart and we got a clear confirmation with the last week's candle.
War in Europe and recession expectations are supporting the trend.
If formation works, we have a formation target in 10273.
The rest of them are potential ones for which we have gaps in the post-covid bull run.
TP1 10492
TP2 10273
TP3 9506
TP4...
Indicators neutral, tomorrow's gap could go either direction
A lot of times when it goes down all week the shorts cover on Friday, so it could cause US indices to gap up even though the direction right now is very bearish
In other words, I dunno, lol. But I'm posting an update because I promised my followers this morning.
FDAX rejected by my blue line, and MFI is still overbought. Looks to me like another gap down, but I'm not really sure since the Euros have been so pumptarded lately
Things will get ugly if Europe sells off too.
if news not come we have fibo61% and 2 open gap on cash phisical DAX INDEX symbol :DEU40
above green arrow afterbuy pinbar comes on 15-60-240-daily chart we must pick buy with sl in pinbar low and hold buys to 13500 are obove
personaly i predict 14200 for dax if big bad news not come
on dax keep monitor AC indicator on 4hour chart
good luck
Type : Bearish Drop
Resistance : 13340
Pivot: 13004
Support : 12591
Preferred Case: On the H4, with price expected to reverse off the stochastic resistance, we have a bearish bias that price will drop from pivot at 13004 where the pullback resistance is to the 1st support at 12591 where the swing low support and 100% fibonacci projection are.
Alternative...
finaly AC indicator on 4hour chart do it job and dax start + up trebnd ....dax second tarrget is 14200
STRONGLY ADVIDE DONT PICK SELL....LOOKIND FOR BUY IN DEEP
note: Gaps on chart comes from cash DAX index traded in frankfurt symbol|: DEU40
