We are currently on very serious and important resistance that will determine the direction of the DAX for the coming days, According to Ichimoku indicator we are still in a downward trend, despite recent increases! And we are also on the resistance of the Fibonacci retracement (23.6) Which means continue to move in the original direction. For all the reasons are...
DAX bounced off our first support at 11008 ( Inverse head and shoulder neckline support, 23.6% fibonacci retracement ) where a further rise might occur pushing price up to our major resistance at 11757.29 (50% Fibonacci retracement , 100% Fibonacci extension , Inverse head and shoulder porfit potential ). Ichimoku Cloud shows bullish trend where we might see a...
HEy tradomaniacs, welcome to a little weekly outlook! Overall we`ve seen a very nice correction back above 11.100 which is a decent retracement after this holy moly huge sell-off we`ve seen after the S/H/S and Diamond-Pattern got triggered though we have not even finished this superir trend-changing pattern yet. So what can we expect? There is a lot of...
The Dax is recovering from its negative rally and can now move into an uptrend. But the news from England that could provide movement again is decisive. My attitude is Long.
I could bounce now or not. This is a experimental method. Seeing what has happened in N. American incidences, Dec '18 , This Jag looks as if its just about to convulse in similar ways ( ? ) the good news, the N. Americans, while not out of hot water , have bounced. The question is, does the Jag bounce or only snag at Solid Purple. Will It continue down to Thin...
This is the first time I have ventured into DAX. It is not behaving like the N. American markets. There IXIC, SPY , DJI have a similar profile and the Parabolic analyses, is coherent across the different Jags. The DAX is behaving distinctly. The FTSE has its is its own character as well. This decoupled character for the N.Am the FTSE and the DAX is...
GDP comparison between Europe and US...
Just looking at the graphs, maybe the history will repeat one more time ;) Market seems to have one more leap forward before a correction in the first 2 weeks of February. Last 2 days, we observed a nice upward movement at US stocks, but at the sometime Germany remain weak. US-China trade talks will be postponed later in the month with a big visit of the...
The Dax has received several reverse signals today. It was a real short day and you could get some =). The Dax is parried for the second time on the 78er fibunacci and is again below the 200 EMA in the 4 hour chart. In the 1-hour chart, the MACD also comes to a head, which may lead to further price losses I assume that he makes a backtest at the blue zone of...
to finished 5 Elliot waves and go up. Weekly timeframe is at zone Symmetry wave (IV). MACD & Force index is highest during for downtrend. H4 timeframe, the price reached zone reversal for uptrend.
In this video update, we take a look at the Dax (Ger30) index as price has stalled at a key weekly resistance level. With growing concerns over the economic slowdown in the Eurozone, the indexes could suffer. Dax 4hr chart shows price changing cycle which could lead to further downside.
Short the DAX Triple Bearish Divergence on the MACD Breakout of strong support line Entry: 11400-11100 Stoploss will be above the last high Stoploss: 11715 Targets: 10500 - 10000 - 9500 - 9000 Risk Reward ratio is 6