smaller TF structures show us that there still is potential to shoot up. It´s kind of MAD to long here but discipline wants it to do so. Several short impulses got bought, no clear short signal forces us to buy Long.
> 9331 Points still bullish (short-term time frame) = 9330 Points neutral < 9329 Points bearish (mid-term trend-resversal-formation is starting) < 9329 Points bearish (long-term trend-resversal-formation is starting)
Next buy area at green ballon, between February lows (8.699) and 12th February (8.967).
Brexit Financial Times poll 6 June: Stay: 45% Leave:43% Odds Betfair Stay: 70% Leave: 30% Something is not right, someone is lying and i bet are polls. Base on that i design a new up channel and a possible buy are to get long. Make your comments.
My stop profit was actived at 10.037 (DAX futures) during this night. For now i am out, waiting where DAX wants to go. May lows is the key for bulls and bears at this moment. Has you see DAX break the ascendant channel. If DAX close below 9.733 a re-test of february is a option.
DAX Look: return to levels of demand The key short-term support is at 9,900 points. DAX drop 1,03% which falls at about 14:30 hours of today's session. This has led to the price of our indice to close the gap at 10.057 points. Short-term the trend is bullish (until the price stay inside the channel DAX still in bullish mode) . We do not appreciate any sign of...
DAX is near to close the 10.057 gap. I will advice re-open (add more) longs at this levels
For the 1st in the last 12 months DAX make a new higher high. Of course DAX will have some pullbacks in this travel to new all time highs.
the yearly high of 2016, until this weekend in EUR/USD Cross-Rate was mor or less at the same time like the yearly low of the german blue chip equity share! Interesting and important technical fact, at least in my opinion - ahead of ECB Meeting this week (thursday) & FED Meeting next week (wednesday) !!! take care best regards: 4XSetUps
Germans major share index breaked out last week! If this week we`ll close above 9600 (above down side trend - since november 2015) the technical picture would suggest a trend reversal !? take care best reghards: 4XSetUps
Shorting till 0.764 fib level. This area is where consolidation occurs - as shown by the circles on the chart. Overall trend is still bullish as long as the key pyschological support 10,000 holds. Thus why I am hedging by buying GER30 futures. Stop loss on buy positions 10,179 and 10,000.
Expect that DAX will test again the all time highs until December 2015. I think december FOMC meeting can bring the 1st rate hike since 2006. My opinion bulls will lose control in 2016 and bears will come and bring DAX to 5.500 area (see the red line from the last lows) . SHORT TERM - BULL LONG TERM - BEARISH See chart to understand my view...
DAX weekly already begin to build a ascendant channel. A big up move will come in this next leg up. I can make a projection to 16.000 to achieve in the 1st Quarter 2016, many will call me crazy. For me this number (around) can be the Top of this HUGE Bull market.