Hello to all who watch my charts.
Who my idea Dax Short from 21.3. followed (fall down out of the the Long Channel in PINK)
is now already 300 Dax point forward.
But as soon as we have reached a point at which a small bottom formation is emerging today.
In the area around 11300 to 11330, DAX DEU30 has today stopped its downward trend several times.
We have to...
Hello to all who watch my charts.
In the Dax DEU 30 we have a short situation since yesterday.
As I posted Dax was allowed to fall to the lower line of the Long Channel.
But not below.
Yesterday it dropped significantly below and there is now a short channel formed, which I have marked in purple.
I've simplified the chart image a little and a few...
Hello to all who follow my charts.
The Dax runs exactly in the long trend channel up I have drawn
I marked it red again
so that he is better to see.
The dax today has 2 new resistance lines taken out of his way, which I have now marked as support in blue.
These are the two upper skewed straight lines at about 11775 (current state)
So he has continued to...
An obstacle in the way, in the last few days we are on the upward trend that is still real today, so to those who ask how long will the gains continue? The answer in the graph above, We expect the dax30 will continue rise to the 200 Moving average and then it can give a downward correction Once this happens we will have to follow and see whether the decline will...
Some technical oscillators are suggesting overbought, but others not so much. The Fibo retracements suggest a strong resistance level. Overall, I want to see the DAX get above these levels if we expect this upward wedge to continue.
Dax is going straight on in the long setup run
The trade setup is exactly as in my last DAX post
We are in a long swing here as described
What is new:
We have a long setup now in a establisehd long CHANNEL !
I have marked them in red color.
As far as DAX is trading in these long channel all long positions shold be save
Even if Dax tumples out of the...
As described the days before DAX has made a new Long setup
verify to see at the new red marked trendline long
For the next trading day:
If Dax can not hold the strong long setup there is a blue marked
long support line below where Dax could hold and stay in long
If these trendline also breaks there is the big support
( have colored in black) at around...
Dax today has not his strongest day.
Starts with a big jump and starts exact as the resistance at 11615
hat a little bit resistance here i call this to 111620 and than a direct fall
to our well known long trendline we have seen now many days in Dax chart.
I have marked them in purple.
From these support DAX could bounce back a little at the end of the...
Hello to all friends watching my charts
Now today german DAX has made a positive return today in the long track again.
Maybe you remember my Nasdaq Chart from end of friday trading
where i told that thees reversel may come
Please check the chart now.
Dax has managed to come out of the short channel
and climed above the upper line of the channel i have marked...
Dax is going down exact as descriped in the new trend channel
Nothing really new things happens today.
What to mention is:
Dax found support at the support line of around 11410 -
aerea 11421 - 11420.
Mabye from that point Dax can revcover now to the upper line
of the red marked trend channel down
(Up to 11500 aerea is free spcae there till end of mondays...
As we have now the bespoken broke of
the last long support trendlne today at
around 11500 (marked in blue)
we are now in a short setup.
It has also established a short trend chanel if have marked in red line for better view.
In these trend channel i estimate lower
prices, maybe Dax will come at the upper line of these channel at 11550 for end of...
Fine to see that today has been a fals breakout short and market recovered in the up channel.
But its of course a sign of market is loosng power to the upside.
We are still again in the up channel but nobody knows kow long that will be.
At the moment better is no position and wait until recovery will be stronger or up channel will be lost at the end.
The next day...
We see in the graph above some points that strengthen our opinion about Sell position:
1. According to the Ichimoku Indicator, we are totally bearish as we are under the cloud and the blue line above the red line in W1
2. we can see that we are in a bearish channel with lower points each time and right now we are in the resistance
3. As soon as the price touched...
We are currently on very serious and important resistance that will determine the direction of the DAX for the coming days, According to Ichimoku indicator we are still in a downward trend, despite recent increases!
And we are also on the resistance of the Fibonacci retracement (23.6) Which means continue to move in the original direction.
For all the reasons are...
DAX bounced off our first support at 11008 ( Inverse head and shoulder neckline support, 23.6% fibonacci retracement ) where a further rise might occur pushing price up to our major resistance at 11757.29 (50% Fibonacci retracement , 100% Fibonacci extension, Inverse head and shoulder porfit potential ).
Ichimoku Cloud shows bullish trend where we might see a...
Our signal for the DAX is BUY, we are believe the resistance will fall soon! and the Dax will continue a short UP trend and will follow the American indexes!
