Germany30
GER30 (DAX)As described in my last analysis, the Dax has reached with the last high at 14137 only the minimum target, in the form of the 0.618 extension, of the yellow circled z. In all other waves, the mandatory targets have already been reached. However, there is still potential to the upside. So far, only the 0.618 extension has been reached in the pink (z). The next level the 0.786 extension is at 14204. In the drawn alternative, we would have with the high at 14137 only the green Alt. (w) of the yellow circled z completed and with the Friday low the green Alt. (x) finished. Should the market still aim for a new high from here, the ideal target here would be at 14235. In the vicinity of which also lies the mentioned 0.786 of the pink (z). From therefore a quite attractive target, which I like in principle much better than the current all-time high. What speaks against it, however, is that the market has run in late Friday trading again towards the low instead of clearly break away from it.
A decision will probably be made early in the next trading week. Ultimately, the DAX is very likely to suffer significant losses soon and a new high, would only delay this by a few days.
GER30 (DAX) long term analysisWe see here the Dax since the 1970's. At the beginnig we have a clear 5 wave impulsiv structure. At the beginning of the new Millenium this structure change to a corrective one. But at this time I could count it also as an impuls. The clearest indication for a corrective structe is the Wave from 09/2011 to 05/2014. I do my best to count this wave as an impuls but it was not possible. Nevertheless the market rise in this time. The only logical interpretation was for me that the Dax is from it's beginning in a corrective structure. The most important question now is whether the coronalow is already the connecting X to the next rising wxy (38.2 RT was hit) or whether the market has just completed a W and we can still expect a Y, which brings a new low.
$DAX weekly doesnt look sustainable $DAX weekly doesnt look sustainable given the vertical moves in the past have all corrected heavily . EURUSD advance is negative for germany exports
Dax30 run out of fuelAs with all indices, since US election, Dax had a good run-up of 2000 point or almost 20%.
Now the index looks like running out of fuel and a drop to 12500 is possible.
I don't rule out a spike up towards 14k, but this in my opinion will be short-lived and can be used as a good entry point for sellers
Trading The STOXX600 & GER30 Vs Manufacturing PMI DataIn this video, we take a look at how Manufacturing PMI data in Europe and Germany is used by the investment community to know when to buy or sell stocks with the European region.
This economic indicator is a powerful tool we can use to a clear idea as to the expected performance of the German 30 index and STOXX600 Index.
Manufacturing PMI data is available on investing.com on the first week of each month.
DAX30 Short Idea DAX30 shorting idea fiboretreacement. Please consider your own Levels risk. Good Luck
DE30germany market hows looking like my analysis.. big sell but long time. if corona virus effect then chart may can go like my analysis..
This is what global indices are telling us. Part 2 In this video I've gone into more detail for the EURO stox, GDAX, UK and NIFTY. They're all showing potential signs of a turn around which indicates a turn around coming in the American markets as well.
GERMANY 30A bearish divergence is spotted as the indicator RSI (14) is making lower highs while price is making higher highs approaching the zone. This implies that the bulls are getting tired and selling pressure will soon get it.
Because this is a daily time frame, we will have to be patient enough for price to come back to the entry on chart and set take profit 1, 2 and 3 as shown.
