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Dax has returned to within the broad topping pattern seen over 2017-18. While this is not ideal action, the fact that the market broke down in the first place and is held in check by our moving average still provides a bearish posture.
Our first target (yellow horizontal line) has been negated for now. Taking out last week's high on a closing basis will ...
I have been watching the DAX H&S form for a while now. This pattern has now been confirmed with a break and weekly close below the neckline.
A descending neckline indicates fundamental weakness and could imply a swift drop.
I am short with a first target in the 10,700 area, and my ultimate target under 10,000.
Main bearish outlook--
Another break of the long term rising trendline is bearish
Shallow rebound from 12610 low on June 19 has ended- setting up re-test and likely break of 12600
Next key support could be 12400
12600 level holds, maintaining trading range enrivonment
(level is significant because it was resistance after the February sell-off ...
Dax - Daily time frame. I see a great buy setup on Dax for a quick 300-500 points move to the upside. Reason for the buy call is purely price action and simple technical analysis.
Dax has broken its legendary support zone a few days back and now it is retracing upwards.
I would wait for the price to a little higher and go short around 13050.
levels to watch 13050. 13100.
For 2018 there is no reason why Euro zone should face any major difficulties , the Brexit negotiations look good for EU , and Germany still is the largest and most successful country in the union , as such we will see key support of 13,000 tested and if this breaks then a test of the 12,500 . If a coalition government formed in next week then DAX will gain moment ...
Possible long in DAX30 as reversal of short till 12.200, trend channel.
Short in EURUSD required
This study shows what are my projections for the german index. Still to early too jump into short but certainly not buying anything here as we have a nice reversal on top of the H2 timeframe. Price are probably just pulling back to form Elliott wave 2 point and head to the big wave 3 that should be the extended wave of the bear impulse that I expect the prices to ...
Just as the DOW count revealed, the DAX 0.76% may be creating an ending diagonal formation on fifth and final wave of the current count that started upon Trump's election and fueled the price without a single retracement (as 2 & 4 were both flat corrections ).
Anyway we might be reaching a market top as suggested and as we didn't have any retracement and that ...
Short double top over 12.800 include fibs reversal to next target 12.560, 12.390, 11,980.
Short possible on basic trend line red.
Possible short to 12.390 first target, based on Ichi-cloud D1,H4,M30 if break under 12.630.
Possible short correction up to 11.562 in the next steps, if the idea works.
Good luck :)
German Dax is calling for a correction on monthly/weekly time-frames. Also with the upcoming french and german elections this year, I am expecting weakness/corrections in german dax for the coming weeks.
Started correction on dax with a negative open gap and in addition a negative RSI.
Strong correction from a very high point.
First TP is 1/3 FIB
The bulls are in at the moment but i don't see price breaking 10800 anytime soon. Price is in consolidation at the moment but i do see price retracing back to 10500.
Just placed a buy on this one. It's pulled back to a 0.618 retrace level as shown on the 60min chart and RSI is oversold at 21. Looking for targets at 0.618 bull retrace. Stops just below the 0.618.
1) BEARISH CHANNEL BREAK
2) New Bullish Channel with strong HH & HL'S
3)MAJOR KEY LEVELS AND RESISTANCE AT 1052
4) Currently holding at a major 4hr support zone
Expecting price to rally back up to 1065 which is also another key level
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