j33per

j33per

Following on from my "Broken weekly trend line" idea, here's my updated version. The reason I still think this will occur is that today we had a double top and the day candle as it stand now (20/9 at 18:40) tells me that we're going to test the weekly trend line again twice before it breaks down and this leads me to believe that we're going all the way down to...

j33per Updated 

Yesterday's rise hit 61.8% of the down from 10474 to 10246 at 10386. At 16:30 we saw high volume without huge movements which makes me think that we're about to come down this Tuesday (20/9) as a continuation of my idea published on Saturday (17/9). Should 10386 be broken then its first stop will be 10425. This is just my view of things. Your constructive...

j33per Updated 

On Friday (16/9) we saw a 4H candle open and close below the weekly trend line. This trend line has now become resistance. Therefore, I expect that line to be tested again on Monday (19/9) for DAX to then move down further South to the 61.8% FIB level of the up from 9161 to 10806 and the FIB extension level of 1.414% from 10806 down to 10093. This scenario will...

j33per Updated 

1H candle closes at 10307 overnight which is a new low. Next signal will be the 4H candle which needs to close lower than 10335. Retracement 38.2% of the up leg from 9302 to 10806 is at 10230. Expecting DAX to touch 10230-10246. From there it is likely to reject the breakdown and move back up towards 11432.