Dax in correction mode. Wave 4 in progress. First tgt 11500-11400 end next week.(wave a) End pf April 11000-11200(wave c) From May on Dax can rally again.Top this year around 13k before July.
Wave 4 Pullback 7% ---> 11100 Wave 5 upmove TP 12600-13000
Dax hit the 1.618 fib and up 42% from the oktober low and is now 21% above the 50MA It still has some room to hit 12200 by end this month according the cross of the red an blue fork.. A small pullback from this level wont be abnormal.A pullback to 10800-10600 levels. DAX will stay in the 2009 channel and 12600 could be seen as an absolute top but with QE,you...
We could reverse here between TP 10900 - 10450
Looks like 11550 is soon to be hit. Maybe a pullback next week,before we rally further to 11550 and higer
Seems that wave 3 is comming to an end here. Could go to 11250 before a correction takes place. If we pullback 38% from there ,wave 4 will be not lower then 10400. from there we start wave 5 all the way up to 11500-12000. i still believe in a massive reversal that starts around june. Cheers.
Just another analyse of the number 7 prophecies.Only for BELIEVERS. If we look at the seven year cycle ,this is what happend in the past and probably this year. * 2001/09 SPX dropped 35% from previous ATH Set a bottom after a drop of 49% from previous ATH * 2011/09 SPX dropped 42% from prevouis ATH Set a bottom after a drop of 56% from previous...
I have used gann box for this projection. If you look at the boxes separately you notice the top is on the 0.75 lvl and always retrace around the 0.25 lvl. Interesting isnt it. :) If we assume that the next top is around 12000 ( predicted with the Fib lvls on the right side) and asuming the 72 bars are correct DAX could retrace from half 2016 till 2017/11 to a...
Dax Is heading for the median line of the red fork but can try to break the grey area. 2015 High 11500 will be seen, but if it hit the median line, 11900 will be the top The grey Fib levels represent significant lows and highs (support and resistance) from 2009 on. The green Fib levels are the levels to watch for this year 2015, If you have patience ,watch a...