DAX-Trader

DAX-Trader Updated 

As I said in my last prediction, the Trump factor has come into play. I do not have a real chart for my next prediction, because I think a lot of whats going on at the moment is based on world events and not technical analysis. Trump just declared trade war on China, while the EU accused Russia of attacking European soil with chemical weapons. How did the DAX...

DAX-Trader Updated 

In a previous prediction, I suggested the middle of march would be the end of the bearish trend that has been dominant in February and the first half of March. I still believe this to be the case, and do not expect the DAX to reach down significantly below 12000. However, there is a short opportunity for the next 24 hours. The rectangle "A" marks the low on its...

DAX-Trader Updated 

The DAX started March 2018 with a drop. After the sharp downwards movement in February 2018 and subsequent weak recovery, it was only a matter of time before the next sharp drop. The question now is how far we will go and over which period of time. On Friday we saw the DAX bouncing off the mid-year lows. This is, of course, a support line. Further down, we have...