A Potential Bearish Cypher Pattern on the GER30
DAX history lesson: Only 3 times with 2 closing candles OUTSIDE the bollinger band. Firstly in 2001 after tech bubble. Secondly before financial crash 2007....Thirdly in late 2008 during crash. TODAY we're looking at allready 2 candles closing ABOVE he upper bollinger band, and a third forming with only 6 trading days left of the montly candle. Bollinger top...
Technical view, not fundamental/sentiment speculations. What is apparent in this ew count is: - nice w5ext=w1+w3 ratio (12229/12222) - perfect 1-3-5 line fit of w3 - and 1-2 (yellow), 3-4(blue) internal alternations. Also, the selloff started after breaking ew2-4 line parallel to ew1-3 line of w3 - red arrow breaching green channel. Now, the w4 reached the 23.6...
3 months earlier in January 2015 this stock market price was normal, just comeback from bubble mode, nothing else 70% is owned by foreigners, hedgefonds, ETF This conditions we had in 1998 and you can see the result. QE of EZB is working and ETFs and Fonds did collect tones of money in March. They are the temporary buttom fishers and well get more spezial offers...
DAX is now in wave 5 of wave 3 of wave 3 . Channel Resistance ahead. Looks like a monthly Doji or Shooting Star at the top. Trendline resistance also . Dollar index now in wave 4 consolidation mode therefore euro will rise and DAX will correct. It's Short on DAX : Stop Loss At : 12398 : Target - 10000 or more
The Dax steep incline is looking to be losing some steam and the Elliott Wave structure suggests that we may have a pullback consolidation before printing a new high. ECB press conference today could trigger some profit taking in Germany's premier Index. A new whipsaw high may be probable as well, but likely to be sold into. Favoring the pullback short term.
I've been bullish on European equities since the start of the year (my French readers on DailyFX.fr know this), but I'm starting to think that these markets might start to consolidate. I'm not sure if the timing is right (I'd prefer around the end of the month with the FOMC meeting on the 29th), but I've just noticed a potential negative divergence on the daily...
DAX IN A NICE UPTREND BUT WE'VE RECENTLY STALLED CAUSING THE DAX TO CONSOLIDATE FOR ABOUT A WEEK. WE'VE MANAGED TO BREAK OUT OF THIS CONSOLIDATION CAUSING THE TREND TO CONTINUE. PRICE IS NOW PULLING BACK TO A LEVEL WHERE THERE'S GOING TO BE BUYING INTEREST. TARGET AT 12500 WITH STOPS AT 11974
Hi Traders, I just closed all my long term longs on $GER30 as I think we are in a great place to reverse or correct for a long time. As we can see on the graphs, waves with equal legs and we just completed 5 waves up. Also, RSI at trend line resistance. If I see anything bearish on 4hr, I might try to short in few days. Thanks! Thiago...
TINA is doing great for stocks . If you look to the past , never before the DAX get 2300 points in 3 months. Never before MACD has reach this high.in positive area. Only the crash from 2009 and 2011 we seen this before in negative MACD area. So we are waiting for Draghi next step. :) How you rehab this junky the next months Mario :)
Two weeks ago I have posted my last analysis about the DAX30, expecting the (red) 2 to be completed. If you remember, I was expecting two possible scenarios, whereof the second scenario became reality. However, the (blue) 4 seems to be complete at this stage and the next and final stage, the (blue) 5 is in full swing. Right, for all of you who are not really...
The German index is in a little corection phase, the index was a little bit tensed because of the negociation concerning Greece. However, ECB will put on the table the second phase of QE with a fresh 60Bio€ Although there are sign of little correction, the overall picture is rather good.
At the very moment, DAX is facing a correction. It is still to be considered as a correction unless the index goes beyond 11408. The correction process may well go until 11600 by April 3rd. After that, ECB will continue to spread fresh money in the market, i.e 60 bio € which will by essence boost the equity market. It is a little time to take some profit from...
Idea based on simple linear channels and 2003-2008 analogy. Last leg seems to be in w4 just now, needs to complete w5 MOB level at 11k/10k8.
3 potential patterns here on the German Dax Index. Instead of writing a big paragraph explaining it. Attached is a link to a video with my thoughts. www.youtube.com