The latest stock market growth has sent DAX to the top.
So the channel level has been broken down to 11,990 and we can recover from an increase of 12,140. Then you will see a decrease of 11,880 and a breakdown of 11,690 to continue with you at 11.150
My continued research is highlighting the long-term support in Commodities in correlation to the recent rotations in the global equities markets. Pay attention.
Commodities have recently rebounded off of historic support and begun an upside price swing. Should the US/China deal reach some positive outcome and should the global markets continue to transition...
Might the end of the correction be in sight..?? After the last major fall we've been climbing back up? But it doesnt look like the peaks will be higher anytime soon.. If markets will pull back again.. watch mayhem be unleashed! Money to be made in the shorts! Lets watch it all go down and make a shit load of money.. Keeping a close eye on the indices....
Today i bring you here some eduction which i found very helpfull
The trend is your friend we are always told, but what is trend ?
To get easy in touch with a trend you have to check trendlines
which can be mixed with support and resistance lines
to check a trend change.
Trendlines need in minimum 2 trend points to draw.
Normally the trend is...
Hello to all who watch my charts.
For days DAX is in an upward movement and in a fairly wide Long channel.
As you can see, the distance to the lower channel band is quite large.
It currently runs at about 11860 and that is a good 120 points below today's closing price.
In addition, we are at a round number
Having arrived at 12000, that has always shown the...
Hello my Friends, Traders and Interested,
a few of my past TAs according to the DJI and the Dax were not that perfect as I hoped, but markets have their own dynamics.
But, my bearish attitude is still in play. And actually I see the DAX and other big indices at an extremly important point. I have chosen the DÀX as example, because here two trendlines show the...
Exact as promissed the decision point has been at
After fall through that level Dax tried to climb again
on new highs, but failed and builded a double top
as double resistance at
11980 (blue line)
Than small supports at
11930 and also at
Nex bigger support waits at
Thats the best chance for a rebound in my oppionion.
Dax 15:00 german time at the decision point
Smaller support have been broken right now at 11975
Please check there the upper red line
But the bigger support at 11960 holds at the moment.
If these 11960 line will brake at end of 1HR Chart
(16.00/17.00 or tomorrow)
We should sell long positions and go short.
If the support will hold LONG is to stay
Hello to all who watch a charts.
Dax is still LONG, I think that's clear
But what can we expect for the next trading days ?
As you can see I have now drawn 2 support lines in red below these Dax
should not fall for further long positions.
That's the first at 11974 (ca) and the second at 11963 (ca) so we say :
A range from 11960 to 11980 is our support zone...
Hello to all who watch my charts.
I brought you here my trading journal in the DAX of the last weeks.
Timeframe is the 1 HR chart.
We had a long signal until 27.3. 9:00 clock german time
then we got a short signal at 11714
After that we were short to the ground at about 11370.
(Difference about 340 points)
So the signal turned on Long at 11370.