DAX Daily Have looked at the monthly chart (See link below)... This is a follow up for the daily chart. Looks like 4th wave is done with a zig zag and right now have made a wave 1 up on it's last and final wave 5. I assume that wave 2 is about to be finished. The 60 min looks like it still could make a move slightly move lower. I made a highly speculative fib...
DAX through the eyes of my Elliott Wave optics I see DAX having it's Super Cycle wave 4 low at the Dotcom crisis in 2003 and SC 5 starts from there. From there it has marched on and didn't - like the US indices - make a new low in 2009. I see the low there as major wave 2 low. Dax is topping out now making only its 3rd major wave up. Why only 3rd and not the...
If GER30 manages to bottom today, i see a lower top to 12184 with a higher low of ~11600, forming a daily pennant, which in turn will result in another rally.
11300 area already gave us a reaction, if this level will be broken i will try to buy dax again at 11130 area. I will force the longside view until 9900 remain in place
Everyone knows this is a strong rally now...Chart speaks by itself. Let it serve as a guide to help manage this trade. I entered at 1.42209, closed partially and now have a half lot running with break even stop, looking to add on every chance that I get. Levels should mark important s/r as well as serve as targets for the next move up. Good luck, Ivan.
Dear Traders, there has been happening a lot since my last DAX30 analysis eleven days ago. I have closed my short positions with some profits and kept quite until the beginning of this week, waiting to bring my long trades into the race. If you remember, I revised my initial expectation from 'call' to 'put' as I expected the correction not be finished - or...
Daily view of the FTSE ... a follow up chart to my weekly chart. The daily chart also have a 3 drive to a top pattern within it. Harmonic, fib and geometric rules the charts! Notations on chart Remember confirmation is everything in this game! Fear not @BLawrenceM If you like the charts consider following me on twitter Music at work: www.youtube.com open.spotify.com
Cycles, fib, harmonic and geometric rules! Fear not! @BLawrenceM Music at work: www.youtube.com
DAX history lesson: Only 3 times with 2 closing candles OUTSIDE the bollinger band. Firstly in 2001 after tech bubble. Secondly before financial crash 2007....Thirdly in late 2008 during crash. TODAY we're looking at allready 2 candles closing ABOVE he upper bollinger band, and a third forming with only 6 trading days left of the montly candle. Bollinger top...
M year triangle calls for 14,000 after the possible correction
The DAX shares are hold 70% by foreigners. This was exactly the same in 1998. Crisis around and when put the bubble pink glases away and see reality, then welcome to the salami crash 2015
DAX is now in wave 5 of wave 3 of wave 3 . Channel Resistance ahead. Looks like a monthly Doji or Shooting Star at the top. Trendline resistance also . Dollar index now in wave 4 consolidation mode therefore euro will rise and DAX will correct. It's Short on DAX : Stop Loss At : 12398 : Target - 10000 or more
The Dax steep incline is looking to be losing some steam and the Elliott Wave structure suggests that we may have a pullback consolidation before printing a new high. ECB press conference today could trigger some profit taking in Germany's premier Index. A new whipsaw high may be probable as well, but likely to be sold into. Favoring the pullback short term.
I've been bullish on European equities since the start of the year (my French readers on DailyFX.fr know this), but I'm starting to think that these markets might start to consolidate. I'm not sure if the timing is right (I'd prefer around the end of the month with the FOMC meeting on the 29th), but I've just noticed a potential negative divergence on the daily...
DAX IN A NICE UPTREND BUT WE'VE RECENTLY STALLED CAUSING THE DAX TO CONSOLIDATE FOR ABOUT A WEEK. WE'VE MANAGED TO BREAK OUT OF THIS CONSOLIDATION CAUSING THE TREND TO CONTINUE. PRICE IS NOW PULLING BACK TO A LEVEL WHERE THERE'S GOING TO BE BUYING INTEREST. TARGET AT 12500 WITH STOPS AT 11974
Hi Traders, I just closed all my long term longs on $GER30 as I think we are in a great place to reverse or correct for a long time. As we can see on the graphs, waves with equal legs and we just completed 5 waves up. Also, RSI at trend line resistance. If I see anything bearish on 4hr, I might try to short in few days. Thanks! Thiago...
DAX managed to break out upwards from 12200 resistance last week. I would now state that everything above this level is bullish, and a heads up if 12200 is tested and fails. With that said, look at a weekly chart of MACD and DAX. The current bull trend is parabolic.. 3.bp.blogspot.com