Geert2000

Geert2000

Not sure about the time !!! But a correction around sept/okt. in US markets could set the path for the Dax

Geert2000

Dax daily

Geert2000

DAX weekly chart 2003 Fork 11800 (2015/08) 10000 (2015/11) 11300 (2016/01) 8500 (2016/08)

Geert2000

Assuming there will be a correction in US markets around september (rate hike/another major event) The bleu median line is already broken.Dax is now heading for the yellow upper line around 10600. After 10600 a rally to 11600-12k during july-August-September. By the end of september a major decline could start .

Geert2000

The yellow Median is the magnet,tartget 10600

Geert2000

A break above the blue trendline schould sent the dax higher ,probably 12K would be the target. If dax stays below the blue trendline 10700 is a target. It all depends on the Greek saga,a deal will bring 12K in play.No deal means further decline.

Geert2000

The black ABC wave just ended his impulse A-leg down,and hit resistance around 11160. A small recover to 0.5 - 0.618 could be in play now and finnish the B-leg around 11600(also resistance) Final C-wave down around 10700-10600

Geert2000

Target between 10850-10375 3th week of June

Geert2000

First leg up to 11644 . Down to 10800 -10400 ( 0.5fib-0.618fib)

Geert2000

Describtion on chart

Geert2000

Dax is still in corrective mode. Bullish Cypher finnished. Bearish gartley is about to finnish its last leg up. This last leg up will be done in 5 waves. The 5th wave could end around 12080.The 4th wave has still some room to end at 11300 (if it not ended already). The black arrow down around 10800 is the target during final last week of June.That would be a14%...

Geert2000

dax possible scenario bearish gartley next days

Geert2000

dax update

Geert2000

KEEP IT SIMPLE Yellow trendlines are key here. Dax started its final 3th wave down .If it break that black trendline around 11300(started from the October low) it will probably hit 10800-10700.Back to February levels. (Gartley finnished) After that we could rally to 12600-12800 and should be top for this year. A 5th wave is possible if a major event takes...

Geert2000

Gartley pattern, if correct short untill 3434 - 3364

Geert2000

www.youtube.com

Geert2000

----Perfect Bullish Gartley----- Price rules AB =61.8 XA BC =61.8 or 78.6 AB CD =127.2 or 161.8 BC AD =78.6 XA Time rules AB = CD AD = 161.8 XA Black Fork with RED Median line started from 2003 Low This is a just a projection of a possible gartley pattern that started at the low of 2015

Geert2000

Yellow gartley finnished