Dax idea - multi time frameDax tried to go lower and found support this week
this isn't over yet. Next week i believe we will have some positive days moving towards the wave (4) a key resistance level for dax. It is expect to see a rejection at his level bringing the price down to complete last wave (5)
attached to this idea is the Sp500 and last week De30 analysis
Last week i mention we were going to move towards an ABC correction and looks like we are on track. Take a look at that chart too
Germany30
DE30 - DAX German index ABC correction - Big red week incoming Big German stocks looking for ABC correction:
SAP
VOW
SIE
LIN
BAS
BAYN is one of the big stocks that is not clear. We see a triangle pattern on daily chart. If this breaks bearish then we have a big red week for the Dax
DE30 seems to reflect this trend
next week we will be looking for ABC correction
Dax 30 : 10250-10900 Range indicates next phase sell off to 79xxDax continues to trade inside the short term rectangular range (10250-10900) ,11000 area remains as the major resistance which is also the 50% Fib retracement level (13820 - 7965 sell off) .Price got squeezed inside the major EMA - Fib levels since a month backed by the Q1 earnings numbers + ECB's comments on the strong intervention to support the economy,though the decision is still being questioned by the court and demanded a justification . We have Banks and major Q1 earnings numbers upcoming + the German GDP to be out on Friday (negative forecast of course) . There might be volatile upside movements to the 11000 handle this week but breaking the resistance is unlikely ,eventually one more time a test to 7950-7750 level (in couple of months) is what i am expecting before any strong rally .
Trend : Range ( 10250-10900)
Resistance : 11000
Supports : 10250 (Short term Range bottom)
DAX rising channelDAX in a good rising channel with multiple confirmations.
Break to the downside is a sell signal, need an impulsive break. It will also break 50 and 200 SMA's.
If DAX continues to the upside this morning, waiting to see if it can break higher than 61.8% to have more confirmation for a long.
PMI from Europe this morning is released, so could cause volatility!
Please support the idea and share your thoughts on DAX!
Good Luck and Stay Healthy!
LINDE IDEA Weekly shooting star + correction wave elliot - LINkey points to have in mind:
1- Weekly bearish shooting star candle
2 - H3 time frame have completed 3black crows pattern
3- H3 indicating MACD crossover
4- 5 wave of elliot competed time for correction bringing taking the price to potentially break the flag and drop for ABC elliot correction
German Stock Index DAX (People Lose Jobs and The Market Rises)View On German Stock Index (17 APR 2020)
Now it is using 10,000 regions as a rebound period and 10,800 should be an achievable target.
But it is good to see the potential flip side too, if there is any swing back, 9,500-9,700 region will be strong support.
People Lose Jobs and The Market Rises. Btw, it shows that the Stock Markets are no longer the barometer on the health of the economy.
DYODD, all the best and read the disclaimer too.
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Germany’s DAX: 10,265 is key supportGermany’s DAX index has violated trendline rising from the March low.
Immediate outlook stands neutralized.
Index is trapped in a symmetrical triangle.
Lower end of the triangle is seen at 10,265. Acceptance lower would confirm bearish reversal and could yield a pullback to levels below $10K, possibly to $9,337.
May be we are going to see another wave of selling in May as daily charts of most major indices show bearish reversal patterns…
DAX30 Possible RallyeSince the major tanking allover the markets, today has been another +3 % marker.
From technical:
- strong underbought RSI on Daily
- candles performing price action with large wick candles indicating momentum loss
- approaching critical 8000-8700 support level
Even though, I am overall short, this are some interesting indicators for an upcoming rallye .
Why short?
Overall macro situation, in my opinion the corona dip is simply the beginning of a well-overcycled recession.
Okay, first published analysis. Dont bash me haha
Germany 30 long-term prediction
So far so good and we are reaching our profit target.
I am going to close my long positions and i am going to
start shorting the market inside this range of 11.200
and 12.000.
Actually i am going to look for entrance inside a little
smaller range into the zone of 11.650-12.000.
I am going to be keeping my short until the zone of
5000-6000. This is where germany 30 will go according
to my wave system.
risk disclaimer
This prediction is based on my personal trading strategy and this article does not suggest you to make any trades and i am not responsible for any future losses.
Germany 30 predictionThis is my prediction for Germany 30 index.
There is strong support at this level and the index is going to climb up to the zone between 11.200 and 12.200. This is a bear market rally and the collapse is going to continue after this break. I will be able to tell you the next bear target after it reaches the 11.200-12.200 zone.
risk desclaimer
This prediction is based on my personal trading strategy and this article does not suggest you to make any trades and i am not responsible for any future losses.