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Germany

Sticking To Dax Bull CaseYesterday's candle was actually bullish. Long-legged candles signal reversals, even if the intraday selloff may have suggested otherwise. The key message: breakout levels ~10490 were tested (violated), but held. Index is off to a fresh swing higher, which could target 10860 (late December high) and 10981 (cycle fibo level). With that in mind, yesterday's mini reversal in Gold, and GBP strengthening vs. USD, are short-term technicals suggesting we are getting a dovish Yellen at JH?
TVC:DEU40Long
by gorillacharts
DAX Back At Breakout Level - Worth A LongOur favorite European Index, the German DAX, escaped the bear market in early August, when it rebounded swiftly after initially rejecting mega-resistance at 10475-485, which it then took out very aggressively. This Monday sent a bearish shooting star candle on overbought conditions, calling for a healthy pullback. As securities often do, they retrace back to breakout levels. Today's session did exactly that and rebounded right at 10490, the former year highs. Daily oscillators aren't bottoming yet, and today's candle isn't really as attractive, as I would like to have it, I would risk a long, given the bullish long-term backdrop. Target at 10800 - Stop at 10450. Best,
INDEX:DEU40Long
by gorillacharts
DAX – Rejected at weekly falling trend lineThree-week winning streak pushed Germany’s DAX index briefly above the larger falling trend line earlier today before prices fell back to 10,300 levels. The falling trend line hurdle stays intact at 10,415 levels. The daily macd has started losing height, but still well above zero level. Prices could remain stuck between daily 5-MA and falling trend line hurdle before. A repeated failure to take out trend line hurdle would then open doors for a break below 5-DMA and slide towards 10,109 (38.2% of April 2015 high – Feb 2015 low). On the higher side, only a weekly closing above the falling trend line hurdle would signal a fresh rally towards 10,800 levels.
TVC:DEU40
by TipTVFinance
DAX DOOM >>> Trade The Beast <<< 2666.00 PointsHands down, I am not a big fan of the world going to hell. Well, .....#itshappening. It prolly won´t end nice, but this one is quite the beauty. Everything is lining up "perfectly"! Not only chartwise, but also doomentally. Full spectrum rektage ahead. With regards to the DAX1.29% , the July is going to draw a bloody -25% (pre-)doom candle from 10,666 down to 8000 points (2,666 in total). As said, a real beauty. Beast Mode: ON Stay safe & Take care!
INDEX:DEU40Short
by khun