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DAX30 longterm EW Count
This week is likely to mark the end of the downturn and it should not come as a surprise to reach the 11,000 point range again.
Subsequently, a strong upward movement should start and bring the Dax over 12,000 better 13,000 points.
But it is still too early and the expected upward movement must then be analyzed again. The danger is that the green IV has not yet ...
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 ...
DAX at fibo 0.618 level
wait for inside bar break up or bullish signal for entry
My early followers know how i shorted the DAX on the high in January and went low at the exact low in March. While going long i showed a road map of my strategy for the months to come back then. Scaling in my short entries with a wide stop and just sit and wait to see how things develop. The strategy was getting a short entry for the bear market, meaning holding ...
Comments on the chart
Clear Head and shoulders on distribution zone visible on Daily and weekly chart, moving averages are set up bearish, 50 below 100 and 100 below 200. Entries and targets on the chart.
bullish on dax D1
If an index could mimic the movie Cliff Hanger, this would be the one. LOL!
German Stock Index
Why I'm bearish
Daily Chart. Seems to be in Int Mediate Wave (4). The Only Question is will it push lower to the Zigzag channel or 38.2 of Int Wave (3)
Some updates: DAX Index Cash closing yesterday of 11494. At this moment, this market is in a downward trend, however, we still remain below key support and key resistance now stands at 12104 above the market. Keep an eye with the lines/numbers on the chart!. The Channel Technical Support rests at 10927 for the next session. A closing below that will signal a break ...
Two months ago was a very good time to short the DAX.
- Broke a historical diagonal trend line. (seen in LOG)
- TD indicator: monthly Red 2 below a Red 1.
What could make this trade even better would be a break of the 50ma (orange). At that point, I would assume that the price moves down to the ray at ~10200. That would be rough 1000 point move to the downside; ...
DAX – week of November 12 – Explanation!
Weekly Bullish Reversal to watch stands at 12456 while the Weekly Bearish Reversal lies at 11514!
Daily momentum and trend are bullish reflecting support forming at 11791.
Turning to the broader picture, the long-term trend are bearish reflecting resistance forming at 11479.
Right now, the market is neutral on weekly ...
DAX Index Cash closing friday of 11518. Weekly Bullish Reversal to watch stands at 12456 while the Weekly Bearish Reversal lies at 10493. Monthly Bearish Reversal lies at 11414. Last month produced a low at 11051 but closed on the weak side and so far, we are trading neutral within last month's trading range of 12373 to 11051. We need to breakout of this range to ...
Please examine the chart and its levels carefully.
This idea will be valid if we get the daily candle closing, not only above the short-term downside resistance line, but also above the 11500 level.
Don't forget your SL.
DAX is on the support. Watch out for breakout as it may happen within two hours or so!
Keep in mind this may be a false breakout since most of the story is told by US equities not by european. This would be interesting however to see the failure of this october trendline.
The DAX has broken the H & S neckline as well as the 200 MA on the weekly timeframe. It is potentially heading to the 10000 area but will the trendline hold and produce a bounce. This is not trading or investment advice but my personal opinion.