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FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
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Includes SPX+NIFTY+N1225+UKX+SSE+DAX+TSX+ibov+HSI+S&P/ASX200. Looking bullish, Lets see if it can break to new highs
If price drops from 38% Fibonacci, we'll probably see a 5 wave structure giving us a new lower low... If 50% or 618% Fibonacci is the target, we'll see a 3 wave structure and you'll see a different structure develop... We'll see how it all plays out, I'll keep you updated.
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...
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.
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...
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...
Simple moving averages 1-200 create this FishNet pattern. Together all the moving averages create support and resist levels. Works well on multiple timeframes.