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.
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...
... "when they tell you that the Spread with Germany is at its lowest ever not believe... this is the only one that is important"... 01/01/2002 - 01/08/2009 : Spread vs DAX FTSE MIB lows . Divergence contained 01/08/2009 - 01/12/2014: BOOM BREAKS Spread between DAX and FTSE MIB . After 2000 days DAX " Overperforming " FTSE MIB approximately 130% since 2002 ( euro...
Hi Traders, As I posted just few minutes ago, I expect and hope to see one more high coming into play before we see him going lower. Looking this daily chart, we can see that we are in a very strong resistance zone, BUT I think that we can make a new high, scare a lot of traders and then reverse lower. This is what I expect and I will trade this (if he makes new...
Hi Traders, This is one of the markets that I trade the most. By looking this short term we can see a very good reaction from few minutes ago at 9939 (29/12/14 high). Now I expect him to go to 10080 for a FINAL high (also higher line of pitch-fork). I will short big at that level for a medium term trade. Mixing technical and fundamental (Germany not in a good...
Sideways, then a breakdown to 0.5 fib level or even lower on the 1.272 time fib of the preceding up move (between 0 and 1) Stop above recent high.
DAX is in the process of a short term relief rally to upside. The levels of resistance are defined on the weekly chart. Bullish divergence has been seen on the daily RSI. Looking for the RSI on 90 minute to test the 45-period Moving average to go long.
SHORT SWING TRADE he EURUSD is in a really good trend right now. It has been in this range on the 60m chart for the last 3 weeks trending lower. I think that this is a good trend and will be trending this way for the next week in the very least. The average trade swing length is roughly 36-60 hours with an average swing of about 100 pips. I will be going in...
The Dax has finally covered the gap and it is moving higher this morning back to normal levels seen before the fundamental news of the Scottish Referendum which would have a massive effect on the European and German market. I do believe that this will cover the gap and then begin moving downwards. I have set a very short SL and have a very healthy 2.38:1...
Based purely on technicals, the DAX has run out of steam and has been going sideways all year. Short around here (9600 level) for a trade target of 9200 Cheers