Reshort after a pullback. There are many potential scenarios: The market can try to hunt stops (and hit "hidden" targets) before closing at 10567, then make a pullback. However, the extent of the pullback is also unknown so far (back to the breakout? Closing one or two gaps? Etc.
If we go way further down than 10567 with high momentum, then 10153 can be expected. ...
The DAX (Deutscher Aktienindex (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Germany is the strongest economy in Europe. But in Europe is not very good there are more indebted debtors Greece, Italy, Spain ..., England has already fled the sinking ship. And the situation ...
There might be no X-mas Rally in the "traditional" sense this year, maybe. This is an alternative scenario for the DAX while the CAC40 would aim 4630-4688 and then 4196-4262 (third cycle).
For Dax, we have a nice structure broken up that made Higher High to continue the trend. We wait for the price to come back to 618 retracement for recent swing + 38.2 retracement for bigger swing.
Made a decision to short the DAX again. Tecnicaly market made a weak structure low so the trend continues. The fundamentals are really not good. But we need to be opened to the idea that the market will continue up posibally to the level 3 structure around 78% fib retracement.
Lets see what happens.
DAX has been lifted off from the 11100 low after a false break down. However, the long term structure is still bearish so long as it is not able to stand back above 12000 key level. Therefore we are looking to re-exert the shorts when the time is right. One of the possibility is when DAX meets the potential resistance offered by this down sloping trend line. I ...
This is my primary scenario for now. I am flexible: if any strong and not-tricky invalidation is shown, then I might change my opinion.
This is also the rationale: The smart money want to short big time, but retail traders are either shorting massively or seing a double bottom. When it's undecided, the big guns would short artificially to reach their targets and ...
Bear sentiment will remains until DAX30 stays below 11800 points.
11700 will be next targe!
Red zone is the projection zone of huge H&S in weekly timeframe.
Il dax sembra avviato ad ritestare il supporto sui 11900 per poi ripartire e completare la 5 onda , quindi se dovesse tenere gli 11900 si potrebbe sfruttare il rialzo dell'ultima onda
The German stock index DAX 30 (GER30) was introduced under "DAX" on July, 1st in 1988 by the Frankfurt Stock Exchange. It consists of the 30 largest companies listed on the Frankfurt Stock Exchange based on the market capitalization and liquidity. The trading hours for the Frankfurt Stock Exchange take place from 9:00 a.m. to 5:30 p.m. CET. The DAX30 is usually reported as a performance index, which means that the dividends of the companies are reinvested. In a price index the corporate distributions remains disregarded (this can be seen e.g. in EUROSTOXX50). If a company wants to be included in the DAX, it must be listed in the Prime Standard, it has to be traded continuously in Xetra and have at least a free float of 10 %. Additionally, the company must have a registered office in Germany or the main focus of its traded volume in shares is in Frankfurt and the company has a seat in the EU. Based on market capitalization, the five biggest German companies listed in the DAX 30 are Bayer (BAYN), Daimler (DAI), Siemens (SIE), Allianz (ALV) and BASF (BAS). The development in the DAX is often seen as an indicator for the development of the German economy. As a result, the DAX can be seen as a proxy for European economic health since the German economy accounts for almost one third of the total value of the Eurozone economy. The DAX 30s counterparts in Europe are the CAC 40 in France and the FTSE 100 in Britain.
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