Situation DAX 1 HR 04.03.2019 16:54 German TimeDAX still fine moving up on the blue trendline.
Still a LONG Position
Dax30long
Situation in DAX 13:30 in 1HR Chart still longThere hs been a new support line established
11609 at the end of today trading.
That should not be broken for staying
in the long Position.
Situation in DAX 1 HR 04.03. 13:15 German time LONGThe Breakout from friday is just confirmed.
The Shooting Star danger is not 100% gone, but if day closes in that aerea as it is at the moment
there is no idea of short.
To check is whether the Gap 11555 to 11580 will still hold.
But even if the Gap will be closed this allone is not a short reaon-
We have another long trendline
(Marked in Blue) which will be at the end of today at around
11540.
This should not be broken at end of hourly chart.
Situation DAX at end of the day 01.03.2019 like shooting starDAX broke out at first above the new long trendline but fall back late rthe day in the "normal " Long
channel.
I am afraid at the daily picture and candlestick it shows us a "shooting star" which
COULD - not must be a bearish signal.
But if its not confirmed signal is long already.
Elliott Wave View: DAX Bullish Sequence Favors More UpsideDAX has broken above February 6, 2019 high (11371.74) and shows a bullish sequence from December 28, 2018 low (10279.20). On the chart below, we put a bullish sequence stamp and right side higher to indicate the direction that we prefer to trade. The correction to 10867.9 low ended wave ((X)) as an Expanded Flat Elliott Wave. A Flat is a 3-3-5 structure with ABC label. The decline to 11051.11 ended wave (A), wave (B) bounce ended at 11371.74. Wave (C) of ((X)) ended at 10863.56.
After ending wave ((X)) at 10863.56, the Index has rallied and broken above the previous wave (B) high at 11371.74. This suggests that the next leg higher has likely started. The rally from 10867.9 low is unfolding as an Impulse Elliott Wave structure. Up from 10867.9, wave 1 ended at 11217.3, wave 2 ended at 11018.95, wave 3 ended at 11371.44, and wave 4 ended at 11244.52. Expect DAX to end the 5 waves move with 1 more leg higher at the blue box area of 11400.25 – 11479.66. Afterwards, the Index should pullback in wave (B) in the sequence of 3, 7, or 11 swing to correct the cycle from February 9, 2019 low. As far as the pullback stays above 10867.9, expect the Index to resume higher again. We do not like selling the proposed pullback.
SHORT DAX approaching resistance, potential drop!DAX is approaching our first resistance at 11574.22(horizontal swing high resistance, 61.8% Fibonacci extension , 50%Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 11087.34(38.2% Fibonacci retracement , Horizontal swing low support)
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
LONG LONG DAX bounced off support, potential for further rise!DAX bounced off our first support at 11008 ( Inverse head and shoulder neckline support, 23.6% fibonacci retracement ) where a further rise might occur pushing price up to our major resistance at 11757.29 (50% Fibonacci retracement , 100% Fibonacci extension , Inverse head and shoulder porfit potential ).
Ichimoku Cloud shows bullish trend where we might see a corresponding rise in price.
#Dax Signal H1Our signal for the DAX is BUY, we are believe the resistance will fall soon! and the Dax will continue a short UP trend and will follow the American indexes!
Time to Buy in Portugal, PSI 20.Bullish Engulfin in the middle of the month, maybe is a good signal to Buy it right now in Portugal,
Price at 0.618 Fib Extension, in a regression AB Elliot Wave, that can turn on 12345 Bullish Waves, Gartley's Bat Pattern, Everything of this makes a good sound,
Dax with good reversal sound from his downtrend as well.
Good news for Mr. Costa, & co.
DAX seller against the trendline (4H)I take a long due to this chart. downtrend is getting weaker and it could be logic that it is testing the trendline again. I'll update this chart on a lower timeframe to enter a short position when it is at the trendline.
Buy Dax Index at 10920 with the sl 10820 and tp 11100Buy Dax Index at 10920 with the sl 10820 and tp 11100
DAX, next week forecastHi guys !
This is an analysis on DAX . There is a beautiful bullish divergence with RSI and a double bottom . DAX 0.49% bounced on his strong support around 11 045-50 to complete this double bottom .
Next week should be a correction with a upward retracement. I'm using Fibonacci level, and the price is currently staying on 78.6% of Fibonacci retracement , the daily support.
Thanks to everyone !
Dax30 - Again at 11.000?This week is likely to mark the end of the downturn and it should not come as a surprise to reach the 11,000 point range again.
Subsequently, a strong upward movement should start and bring the Dax over 12,000 better 13,000 points.
But it is still too early and the expected upward movement must then be analyzed again. The danger is that the green IV has not yet finished, but has only formed an intermediate low.
greetings from Hannover
Stefan Bode
P.S. You liked it? Thumbs up!
DAX at fibo 0.618 levelDAX at fibo 0.618 level
wait for inside bar break up or bullish signal for entry
DAX or GER30 - BUYGood opportunity to Buy.
This week the price is to start rising. It has created plenty of room for the upside and is near its lower channel on bigger Weekly and Monthly charts. We can see a very big move from around here up to around 13800-14000. However, move can be not very sharp and take some time to reach that level. So Buy with longer term perspective as well as short term.
DAX LONG!The DAX (Deutscher Aktienindex (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the Xetra trading venue. According to Deutsche Börse, the operator of Xetra, DAX measures the performance of the Prime Standard’s 30 largest German companies in terms of order book volume and market capitalization. It is the equivalent of the FT 30 and the Dow Jones Industrial Average, and because of its small selection it does not necessarily represent the vitality of the economy as whole.
DAX - Breakout of the bearish channel or short below 11050?Since October 8th, the DAX has lost close to 1000 points.
This graphic offers a technical framework on the bear trend and shows that the DAX moves into a bearish parallel channel which has been tested several times.
We can also notice that prices have reacted on 11050 points.
In my case, before to take a swing position on DAX, I am waiting for :
-A breakout by the top of the bearish channel to open a long position
or
-Prices move below 11050 to short the DAX
Dax is going to correct the downtrendWe can see a clear Wolfe wave pattern at DAX index. Also we can see a divergence on all indicators especially on MACD, that confirms that pattern.
Now the "price" located at the sweet zone and we have a Short term opportunity:
To take some profit => open a LONG position with 2 targets:
1. ±11350 points
2. ±11750 points
I will update this idea
Good luck!
DAX (GER30) Bullish Setup#DAX (GER30), bullish divergence formed. good entry point is 11490, sl below the low of October 11380, secure sl is 11250, Dax is on seasonal low. longer term view is bullish for targets 11970, 12100 & 12300
DAX German 30 Long PositionPrice has broken to the upside and formed a re-test of the previous resistance line.
Sellers were not able to keep price in the channel, which suggests we can see another push higher.
I have split the trade into three target take profits, all representing previous highs.
