DAX Index XETR:​DAX

Hey tradomaniacs and becoming traders, I love sharing my knowledge and wanna help everyone who is interested and trading. :-) Check this "journal" and start to understand the market. Most of us know how a trend works. BUT NOT WHY! I hope this will help you out to understand and improves your abillity to indentify Trends. Peace and happy ...

The DAX has been weak in the last weeks. If the index is about to fall on the support at about 11.800 points we could have a S-H-S formation, with the neckline at this level. If the DAX would break through this neckline it could open a plummet to 10.060 Points. In fib retracements: the left shoulder started on 61.8%, the head was the last ATH (so 100%), the right ...

Zone defined by Fibonacci's levels.

Hey guys, time for first weekly update! :-) Check all these patterns! All double-Tops got triddered and "rode" by the market. Do they got invali? They just show us a lot of weakness, fraught and doubt at the bulls-side! All of these DT`s have created a Shoulder-Head-Shoulder_Pattern which is a Trend-turning-pattern. AS you can see, we have a gap between ...

Hey my friends, good chance at this point! :-) Please wait till we have the support confirmed. We have August and less liquidity plus more volatility. A lot of Fakeouts possible. DAX profits by a strong USD but also worries about the whole situation we have to deal with. Cheers and good trades Irasor Wanna see more? Don`t forget to follow me for daily ...

I try to plot some scenarios for the near future movement of the DAX index according to Elliott wave theory. One of the thesis of Elliott waves is alternation. I present them in a sequence, but will be interconnected via "Link to Related Ideas". The 3rd is that the DAX is making a double three sideways correction, and it is forming an ending diagonal as its last ...

DAX is about to complete a very long term Head and Shoulders pattern on the Monthly chart, thus the neutral RSI = 51.621, ADX = 29.826. 1D is a Channel Down formation (RSI = 34.363, MACD = -73.300, Highs/Lows = -357.2500, B/BP = -455.2462), which if the 12,080 support from the previous Lower Low breaks, will hit 11,900. If it is rejected, then it will rebound to ...

Short!

I try to plot some scenarios for the near future movement of the DAX index according to Elliott wave theory. One of the thesis of Elliott waves is alternation. I present them in a sequence, but will be interconnected via "Link to Related Ideas". The first is a bullish one. I met with this idea a couple of times, but I don't think that this is the most possible ...

Wave x locates in12886.83~13042.73 Wave y target 11548.82~11326

The daily chart view for DAX 0.28% , could be still suggesting that the drop could accelerate, prices break below 12000/11900 mark, which is the Neck Line as displayed. Further to our discussion yesterday, DAX 0.28% has plunged around 200 points and could continue wave (3) or C lower until 10200 levels, as being highlighted as 1.618 Fibonacci extension . Also note ...

I try to plot some scenarios for the near future movement of the DAX index according to Elliott wave theory. One of the thesis of Elliott waves is alternation. I present them in a sequence, but will be interconnected via "Link to Related Ideas". The next is a triangle as wave 4. If DAX goes under 12 100 that means with high probability that it is invalidated. (But ...

Hi, Mr. Dax now is standing at a very interesting level. Most people think it’s going down. Well, I think we will see a movement against this week’s trend up to the sore point - minimum. And there’s a very high probability to make it trough aiming for new highs. But if sore point doesn’t fall the Dax will go down to 11,500 – 10,000 points starting from there to ...

Hello Traders, In this short-term analysis, we will have a look at the German DAX Index. DAX short-term Elliott wave analysis suggests that the rally to 12882.05 high ended red wave X bounce. The internals of that bounce unfolded as Elliott wave double three structure where black wave ((w)) ended at 12640.87. Black wave ((x)) ended at 12468.68 and black wave ...

Some relief rally for bears to tap more liquidity before they further continue with their slaughter. Do like and share the setup if you agree with it.

Technical Outlook: The Daily chart setup for DAX could be suggesting that the indice could be potentially heading lower towards 10210 levels in the weeks to come. As seen on the view depicted here, the indice had earlier completed its 5 waves rally and potential top could be in place around 13600 levels. Going forward, prices dropped sharply and broke below the ...

The daily chart view for DAX, could be still suggesting that the drop could accelerate, prices break below 12000/11900 mark, which is the Neck Line as displayed. Further to our discussion yesterday, DAX has plunged around 200 points and could continue wave (3) or C lower until 10200 levels, as being highlighted as 1.618 Fibonacci extension. Also note that ...

It is time to refine my initial take on the Dax; a short term ABCD completion at 11.7k would set up a head & shoulder formation for which a break of the neckline would suggest a -20% correction to test a long-term trend line at the 9.9k level. Keep an eye on the EURUSD which would provide a clue; usually I would say cheap EUR is good for the Dax but this time ...