In the long long time frame, we could be just in another correction, ending wave 4 in area 9000-8800 before resuming the uptrend towards 15k area. Just an idea that needs to be confirmed by Eliott wave levels. Any ideas are welcome as always.
We are watching a bearish movement based on the drive of the time target. Next could be a probable uptrend.
We are watching a bearish movement based on the drive of a previous time target. Next will be an uptrend.
We are watching a bullish movement based on the drive of the time target. Then a probable downtrend after the next time target.
DAX - Moving bearish as expected. TheLiveTradeRoom
FDAX continues testing the 11,000 support.
Looking for areas for DAX to resume its fall in line with break of longer term H&S pattern. Cautious TP since attempting a double bottom
Fibo levels are very popular.If the price breaches this levels,markets react.These levels are of good note for tape reading the market.Whether bullish or bearish.You should know of these levels
I would wait the price to go again in 11200-11.300 area to find intraday patterns to go long
FDAX opens already with a gap of nearly 80 points lower from Friday's close. My early target was between 12'290 - 12'300, but should this be a high volume day, then even a further 100 points loss if not even more is possible (today or the next 2 days). Breaking all previous points from this point on could mean a test of the lower trendline of the long term trend,...