DAX 1M Overview. What to say? In long term we are always up :)
$GER30 #DAX #GER30 #DE30 dont jump into it to early DAX has risen the past weeks bouncing of 11275 Support and is getting into Resistance Zone were some kind of Pullback is expected. What we dont want to do is to jump in any DAX Trade without a proper Risk Management Plan because we dont want to get caught between some Ranges maybe forcing us out of our...
We are living volatility times, what is good to accumulate nice profits, If we are follow good ideas and we are lucky too :) How do you see DAX for following days? Will be 11975 reversal area and our target can hit area around 11128 soon?
The Dax has fallen recently, however, the price is still supported by the long term weekly trendline and the dynamic support and resistance of the moving averages. Price has formed a new low on the daily timeframe however if we see a bullish close today we could assume it is a false break of the lows. In that case, we can assume the uptrend will continue into the...
The price is breakout downward channel and it we can see the grow is start!
Updated View On German Stock Index (5 July 2019) DAX is in a decent bullish move for now since the 3 June. It had broken up as the strong resistant of 12,420 regions and now it has become strong support. SO, as long as the index couldn't break down below 12300-12500, the market is still in the UP beat move. DYODD, all the best and read the disclaimer too....
The price clearly shows that it broke the trendline. So, I believe that it is retesting it.
Fundementally speaking, the chances of trade deal being resolve is very likely, in order for trump to win the elections post 2020. We are likely to see big spikes during G20 meeting, when trump meets with Xi. Remember trump's idea is a lower dollar and a all time high stock market. He wants to create an illusion that the world is going into recession to make...
We are at the bottom of the trend line. Very prommising buy.
In light of the tariffs negotiation amid the trade war between USA and China we have seen stocks and indices plummeting, the case of the GER30 is no different, we have it today falling towards 12000 level, and just below there is a resistance which if not broken and fundamentals spur risk on, we can see the price going towards 12150 again, otherwise will visit low...
DAX has much more upside potential here. We should be in wave ((3)) now but if we see a pullback, it's highly probable for it to be wave 2 of this higher degree ((3)) but it needs to hold above 11860 in that case. Of course, if we see a sharp decline going below 11860 and ultimately 11835 then the bullish count gets invalidated and we are still in a correction...
So since my last post about DAX has been throwed in the gutter, only right thing was this chanel, which turns out to be HUGE possible bear flag. I'have pending sells on all three pink lines Tp around 11 500.
We have an new clear sell option in Ger30 RSI. Still to much overbought. Still working on Brexit. Still no trade Deal in the US Target 1: 11620 Target 2: 11310
COMPLETE Technical Analysis of GER30 Dax GER30 ( DAX ) Double 'W1" High candles broken for bullish move in the next weeks and maybe months. W1 target Convergences : 11'945 - W1 Double Highs heigth - Past D1 swing low - MN1/W1 Bearish Head/Shoulders pullback area Even if we had a heavy MN1 "head and shoulders", the market has drawn a good break out : -...
I wonder how low DBK can go. I wonder if this is the next Lehman Brothers and the start of the banking crisis in EU.
Even if we had a heavy MN1 "head and shoulders", wthe market has drawn a good break out : - Double W1 high broken. - MN1 "mother candle" broken. - First near target high probability. (+ past swing low at the same level).