DAX index grew since the 2009 significantly compared to the economy of the Germany. The growth period of Dax lasted long and I think that a strong downtrend is imminent. It might have the characteristics of a bubble. Let's see the evolution of DAX in the coming months. AP2n86 - GoldHouse
Further growth is expected in the wave (iii) - blue. In the case of a breakdown of the local bottom by 11 700 - a coup with a fast short in the zone 10 000 -10 500.
For this beginning of the week the dax30 is in corrective mode of its downward trend. He ends the V5 of VA and still has to realize VC of V2 red at 12900/13100. It is on VC of V2 red that you have to enter short. For speculators one can buy VB towards 12600/12650 for a goal of 13000. Have a good week.
Unless the trendline breaks i can see this scenario happening the coming week,or what you do you think?
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Reason to trade: Resistance stops price + overbalance Stop Loss: Setup will be active as long as current resistance stops the price (~12826.78) Take Profit: Possible take profit areas are last lows (~12560.69; ~12354.32)
Hi guys quick update to my view on Europe, this is a follow up to a video posted a couple of days back!
38.2% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Dax Index Update 31st May The Dax fell 10 points shy of the first target at 12599 before bouncing along with FTSE at 7600-7580. It's since started to make a continuation pattern which can push higher to 12798 -12830 but should eventually break the lower smaller parallel and offer another shorting opportunity once it does so back to 12609-12599. Any...
DEU30 possible direction. Note: this is not a trading signal, please perform your own analysis and trade at your own risk. happy trading!!!
I posted a video this morning with thoughts regarding the Euro and the narrative of a crisis being premature at best! Inflation numbers came out for Germany this afternoon at 0.6% versus expectations of 0.3%. Year on year we are at 2.2% which is far above last months 1.6% and above expectations of 2%. On that news we should see the euro strengthen and given the EU...
In my opinion one low is left with a Target under 12,600 points. Actual level ist 12.718 an i think we can go to area 12,538. greetz from Hanover
Today another weakness in the European market, mostly due to bad news from Italy and their governmental struggle. Technically formed H&S pattern broke the neckline and is currently retesting is, after being rejected on 38% fib retracement of the move. It is also in line with a 200 SMA at the time of writing on a daily timeframe, a close below could further...
The ones who have followed me on the DAX know i have waited very patiently for the correctional wave to end. Ever since i called the the start of the bear market from around 13.440 (futures price) i knew were going to see an ABC wave that will end with a very big bull trap. Where i pointed out the reversal we saw the market created a very nasty bear trap on...