DER30EUR stands at a 18% drop. The exchange rate is a multi-week intensive decline expected. Nearly 18% down from the current level. This means that the target price of the motion is around 8900 levels. From this level you can start later with a stroke of 40% more significant increase. But you have to wait. Currently, we are looking for short passes in the exchange rate for a few weeks. This is mainly done in day trading.
Daxshort
DAX sell zone 11000-11050 (H4 chart)This is my point of view for the DAX now. As i'm a student i don't have alot of time to check the chart. If I am able to watch the chart when it is in the sell zone that is mentioned in the title, I will upload an idea from that point with entry points and take profits. DAX is in a downtrend now, if the trade goes well we can make alot of points out of this trade.
Elliott Wave View: DAX Looking for Further DownsideDAX continues to make a new low and this week broke below 11/20 low (11009) suggesting that the move lower remains in progress. Near term Elliott Wave outlook calls for the decline to 11009.25 on 11/20 as blue wave (3). From there, rally to 11566.97 ended blue wave (4) as a zigzag Elliott Wave structure. Red wave A of (4) ended at 11403.72, red wave B of (4) ended at 11208.60 and red wave C of (4) ended at 11566.97.
Decline from there is unfolding as an impulse Elliott Wave structure and a marginal low still can happen before ending the 5 waves down. This move lower also ended blue wave (5) and black wave ((3)) of a larger degree. Afterwards, expect black wave ((4)) rally in 3, 7, or 11 swing before the decline resumes again. We don’t like buying the proposed rally as the right side still remains lower.
DAX approaching resistance, potential drop! DAX is approaching our first resistance at 11867 (61.8%, 100% fibonacci extension, 38.2% fibonacci retracement, horizontal overlap resistance) where a strong drop might occur pushing price down to our major support at 11066 (Horizontal swing low support, 100% fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
DAX approaching support, potential bounce! DAX s approaching our first support at 10799 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 11729 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price.
Dax30 - Again at 11.000?This week is likely to mark the end of the downturn and it should not come as a surprise to reach the 11,000 point range again.
Subsequently, a strong upward movement should start and bring the Dax over 12,000 better 13,000 points.
But it is still too early and the expected upward movement must then be analyzed again. The danger is that the green IV has not yet finished, but has only formed an intermediate low.
greetings from Hannover
Stefan Bode
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DAX is approaching resistance, potential dropDAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
DAX is approaching resistance, potential dropDAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
DAX is approaching resistance, potential dropDAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
DAX is approaching resistance, potential drop! DAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
DAX is approaching resistance, potential drop! DAX is approaching our first resistance at 11528 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 10799 (horizontal pullback support, 100% fibonacci extension, 50% fibonacci retracement). RSI (34) is also seeing a bearish divergence and we might see a corresponding drop in price.
DAX 1 year and 7 months H&S ReversalThis Idea is first of many ideas I will be publishing. As you may already know, there is a market sentiment that a very long bull market in US equities is over. Analysts are predicting that a new bearish market cycle may start very soon. Because of these analysis, I believe DAX Germany has completed the reversal pattern ten days ago.
As a result of this pattern and general sentiment among the analysts, I believe people will rush to Gold, Silver and crypto currencies, and their prices will go up. In the next few ideas, I will show you some of the reversal bullish patterns formed in the alternative investments like silver and crypto currencies.
DAX approaching support, potential bounce! DAX is approaching our first support at 11425.37 (horizontal pullback support, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 12457.14 (horizontal swing high resistance, 61.8%, 50% Fibonacci retracement).
Stochastic (55,5,3) is also seeing a bullish divergence and approaching support where a bounce off this level might see a corresponding rise in price.
DAX approaching support, potential bounce!DAX is approaching our first support at 11425 (horizontal pullback support, 100% Fibonacci extension ) where a strong bounce might occur above this level pushing price up to our first resistance at 12547 (horizontal swing high resistance, 50%, 61.8% Fibonacci retracement ). Stochastic (89,5,3) is also approaching support and seeing a bullish divergence and we might see a corresponding bounce in price should it bounce off this level.
DAX approaching support, potential bounce! DAX is approaching our first support at 11425 (horizontal pullback support, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our first resistance at 12547 (horizontal swing high resistance, 50%, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and seeing a bullish divergence and we might see a corresponding bounce in price should it bounce off this level.