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As we can see on daily and weekly charts, the DAX index is bearish at the long terms.
For the long terms, I believe the DAX is on his way to reach 10.840 zones, that because it is the next Fresh demand that can stop this bearish momentum. The supply levels above are a great continuation Levels, I'll sell at the first one if the price will reach that supply, and if ...
Bearish H&S Pattern DAX
Although the current bearish H&S pattern on DAX is not
symmetrical i.e. the right shoulder is higher than the left
shoulder, however, it still is indicative of a bearish correction
to take place; also, this unsymmetrical setup does form a
megaphone setup if you draw trend lines extending from the
right to left shoulder and from the low ...
Could be turning lower again in a wave iii to 12250 zone at a minimum potentially sub 12000
last down to complete correction...awaiting a move up
Now Iam no expert ive followed the hand book take a look and tell me what you think.
Is the only way UP
Fib level. If initial target is reached easily e.g high volatility, engulfing candle etc the gap up to second/third target more likely.
dax still down
2 Impulse moves down with 2 impulse move up; against a possible completed counter move up on the daily. Overhead medium term resistance
at proxy to current 30 minutes top. Gives very tight point of ruin for anticipated move to 13100 zone. 16th January 2018.
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 ...
DAX forecast movement for coming months towards end year 2017
Key level 13000.
My view on DAX is that it would be much higher but for the rising Euro. I have been buying weakness to this point.
DAX really wants to try out that "lucky" 13.
Well, it's not far... In fact, I believe that this week we might see the previous high (12951.5) re-tested.
At the moment, I think it could be a strong and quick shoot through that high and hitting 13000. Maybe, Mr Mario could help us out tomorrow? Who knows...
I will say, stay sharp and get ready, if you like to ...
Popped through a key level last week. Buy weakness.
Simple moving averages 1-200 create this FishNet pattern. Together all the moving averages create support and resist levels. Works well on multiple timeframes.
I have been wrong on the past couple of posts about the short-term DAX outlook.
So, looking at the longer term, We got our break from the downward channel, so now the Bulls are back.
If you would like to join that society of Bulls and jump on the bandwagon, I would suggest to wait and observe for now. Or you can risk it and jump in now. Hopefully it will go a ...
It is really struggling with the 12300 level. It seems like it is cursed or something.
If this is going to close below 12300, then I'm aiming for some selling. US markets don't seem to be that strong. Certainly, tomorrow will tell, but for now, I'm not seeing anything positive in this one.
Maybe I'm wrong, but with that candle formation, it doesn't look like it ...
So it found the 200 MA as a good support for a bounce, but still that downward trend line tends to be a good resistance. Certainly, this could go either way, but wait for closing confirmation. We have to close above that downward trend line.
If we close above it, I am aiming for 12300 as a good test of future Bullishness. If the resistance will be too strong, ...
So last week we never broke that upper trend line of the channel. It played as a strong resistance level. We are balancing around another key support level which is 11935 (previous low).
If we close below it, then I will be looking to test the bottom trend line of the channel, or at least get close to it.
But if we will rebound from 11935 today or tomorrow, then ...