DAX Look: return to levels of demand The key short-term support is at 9,900 points. DAX drop 1,03% which falls at about 14:30 hours of today's session. This has led to the price of our indice to close the gap at 10.057 points. Short-term the trend is bullish (until the price stay inside the channel DAX still in bullish mode) . We do not appreciate any sign of...
DAX is near to close the 10.057 gap. I will advice re-open (add more) longs at this levels
For the 1st in the last 12 months DAX make a new higher high. Of course DAX will have some pullbacks in this travel to new all time highs.
Expect that DAX will test again the all time highs until December 2015. I think december FOMC meeting can bring the 1st rate hike since 2006. My opinion bulls will lose control in 2016 and bears will come and bring DAX to 5.500 area (see the red line from the last lows) . SHORT TERM - BULL LONG TERM - BEARISH See chart to understand my view...
DAX weekly already begin to build a ascendant channel. A big up move will come in this next leg up. I can make a projection to 16.000 to achieve in the 1st Quarter 2016, many will call me crazy. For me this number (around) can be the Top of this HUGE Bull market.
DAX Bear View - Daily TF Still Inside the Descendant Channel. Lets how it plays. See the DAX Bullish View and decide your side. Personally i´m bullish but i can be wrong.
DAX Bulls View - Weekly TF Bull Flag formation under way. Lets how it plays. See the DAX Bearish View to and decide your side.
Any close above 11.283 and i recommend open LONG. This is the obvious move if we get a close above 11.283.
Another day and the session begin with another GAP up. I will raise my Stop Profit from 11.121 to Stop Profit 11.460 (close below)
Today the session begin with a GAP. I will raise my Stop Loss from 10.797 to Stop Profit 11.121 (close below)
Very interesting movement of European indices, where everyone made it out of the minimum of the day, closing positive after the support base (by definition support) of the descending channel that have been negotiating since early April . Thus, we believe that it is time to open long positions in all the European indices and in the case of the German Dax 30, with a...
With the Greece negotiations going to no where, a Grexit can be a scenario. This is my view for a possible Grexit... Post your comments
Last attemp to get long near the May low doesn´t work. We get SL at 11.150 Next attemp to get a LONG position will be around 10.800 level, bottom of the descendant channel. DAX still consolidating but DAX still bullish in the medium / Long term, that´s for sure. I think between 1 and 3 months DAX will make new all time highs.
Stop Profit taken at 11.580. With so powerfull up trend, i do not short a this levels. I lock my profits at 11.580 (Stop Profit) and wait for another entry point. Now DAX is at May lows, i recommend enter again longs with SL at 11.150 (low of the day 11.158) Can DAX begin to build the a H&S formation??? Lets see...
Even so, and despite the falls at this time exceed 2% for the week it is certain that the weekly candle is not indicative of anything. At the end of the day what lies ahead is simply a bearish backlash that left a very strong support at 11.167 points (minimum of 'hammer' formation) and has since been moving sideways. Stochastic Oscillator remains rotated downward...
Recently we recommended the opening of bullish positions in DAX30 with a stop loss (on closing prices) below the minimum decreasing last (or minimum reaction) in intraday minimum of 7 May session. Now just slightly went up the stop loss up to 11,594 points ('gap' up the May 19 session). Close this 'gap' up (ie the void), execute the stop loss, given the...
It had said that on Tuesday session, where European indexes rose on average more than 2%, the first resistance zone and since then have been overcome we started to have minimum and maximum growing, which is always a sign of solidity. But that's not why we think we will ever directly to the annual maximum, reached in April. In the past few weeks correction...
In the last analysis of DAX, proposed to open long positions with a stop loss on closing prices in 11.167 points (last minimum reaction). In addition, as can be seen in the chart, this minimum coincide with the guideline upward from the minimum of last October. So now we can do is keep the bullish positions in the index, with stop losses at the same level. Since...