DAX Index DEU30

short: green area = profit

DAX

Is DAX in a bearish formation - diamond? Can trade war affect that much economy of third biggest exporter?

D.

With regards to the constructive risk profile, pay attention here. It’s important not to be too complacent as the short term recovery in the risk-weighted index occurs within a wider negative context. From a top down analysis, we've drawn a few trendlines to represent the perils that entail for risky assets each time a violation occurs, which since the GFC, tends ...

Trade Alert As we can see on slightly bigger picture, after getting hit last week, DAX is now trying to recapture some of its lost grounds. The index moved back above the psychological 12000 barrier, but does it mean that it will be moving higher from now on? For now, we are sceptical about the upside potential, as the index is trading below its upside support ...

Here's my count on DAX, we are in the c leg of wave 4 in a bigger cycle wave 5. Below 11740 points should begins the last impulse that if similar to big wave 1 started in 2003 will bring this index to 14500 points area. At that level we could have a big correction down to 8700 area at the end of big cycle wave 4.

When experimenting with various financial instruments, one has to confess how strikingly coincidental it is that the risk-rally has stalled at the origin of the GFC supply imbalance 10y ago. At the same time, if one is to project when the macro pennant seen in the weekly may break, it also falls on the same week as the US mid-term election, which few can argue, ...

After pullback it can be up 12140

Pullback and short

The ones who have followed me on the DAX know i have waited very patiently for the correctional wave to end. Ever since i called the the start of the bear market from around 13.440 (futures price) i knew were going to see an ABC wave that will end with a very big bull trap. Where i pointed out the reversal we saw the market created a very nasty bear trap on ...

As our proprietary risk-weighted index shows, the recovery above the 100-ema in the hourly chart suggests that in the short-term, risk-seeking conditions are likely to be dominant, even if major events as the ECB, BoE or US CPI will also have a major impact in volatility. The index has been mainly assisted by the sell-off in the USD, allowing a significant ...

Nobody is talking about the long term uptrend line break....YET

All the technicals are on the chart, no need to say much. My targets are also displayed. Also note how the the H&S is less than 1/3 of the total distance of the uptrend therefore there is tons of upside to reverse. The ideal strategy for this kind of setup, in my opinion, would be to set sell stop orders below the neckline. If the analysis proves to be right ...

Ideally price drops towards the green area now, if we do i will probably go long again around the 12.100/12.150 for the final wave up in the 12.700 area. There i will build up a very big short position, which has been my plan since we made that crash 2 months ago. To understand my plan better it's best to read my previous analysis about the DAX Here where i ...

this wave 5 might be an ending diagonal, a bullish gartley took shape with the last declines, still waiting for NYA to reach 14000+points to complete this last wave 5 in january

Spotted these two classic reversal patterns wrapped into one. In red is a diamond top. As per Thomas N. Bulkowski book Encyclopedia of chart patterns, the top diamond results to declines of 20% and hits this target 79% of the times. It has a failure rate of 25%. This stats command attention. So watch this one. The second pattern is a possible head and ...

I have taken a long position in DAX from 12892,5, but I'm ready to turnaround if it completes the head and shoulders formation.