IMO that RED line should hold for another attempt to penetrate the GREEN channel. Its a minimum requirement for ongoing bullish trend and for penetration.
Shorting till 0.764 fib level. This area is where consolidation occurs - as shown by the circles on the chart. Overall trend is still bullish as long as the key pyschological support 10,000 holds. Thus why I am hedging by buying GER30 futures. Stop loss on buy positions 10,179 and 10,000.
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.
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...
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.
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...
Don't Let Fear of a 'Grexit' Keep You Out of European Stocks In the chart, we can say that perhaps we have seen the minimum current corrective phase. This does not mean that, from here, the rate has to go up to the maximum of the year. In fact, you can draw a lateral movement to end to consolidate the previous excesses. Thus, after the weekly candle-shaped...