DAX(DE30) it gives us good opportunity I expect the bullish trend to start for Dax, but as I drew by using fibonacci circles, we are in the downtrend right now, and the bottom of this channel will support the area I show with the green box, our target will be 13297 when the resistance zone that I marked with the red box is broken.
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Daxforecast
DAX30 watch the 10,000 Level DAX looks bearish to complete the correction, overall trend is UP, watch the 10,000 level
DAX30 TRADE IDEA💡Looking at a uptrend on the DAX30 CHART.
DAX30 is gaining momentum following the recent heavy downtrend during the COVID-19 issue.
At the current price level, we've got a bearish. Expecting the downtrend to move to fibo 61 before a bullish movement...
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#DAX ANALYSIS.. LONG TERM BEAR RUN.. In my analysis that I published earlier, I frequently emphasized the possibility of seeing a strong sales wave in the markets on a global scale, in this context, I think that there can be a structure in #DAX index as I mentioned in the chart..
The chart is weekly, it should be followed in the long run; Price movements in time may not correspond exactly as I have stated on the chart, but in the future, if #DAX cannot provide permanence above the trend line I have indicated with black dashed line, I think it is important to follow the pattern in question.. You can find important points on the chart in the long run.. Let's see what time will show..
What I wrote is about strong possibilities that most investors and analysts do not express or expect.. Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
#DAX ANALYSIS.. In my analysis that I published earlier, I frequently emphasized the possibility of seeing a strong sales wave in the markets on a global scale, in this context, I think that there can be a structure in #DAX index as I mentioned in the chart..
The chart is weekly, it should be followed in the long run; Price movements in time may not correspond exactly as I have stated on the chart, but in the future, if #DAX cannot provide permanence above the trend line I have indicated with black dashed line, I think it is important to follow the pattern in question.. You can find important points on the chart in the long run.. Let's see what time will show..
What I wrote is about strong possibilities that most investors and analysts do not express or expect.. Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
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 ANALYSIS.. GREAT DEPRESSION OF MARKETS.. In my previous analysis, I mentioned that a strong sales wave could come to the markets again, in this context, I expect a structure as I mentioned in the chart.. Never say never.. Markets will be very interesting after 6 months, we will wait and see.. I firmly believe that big crash will come eventually and oil prices were the leading indicator of this..
Actually, I wrote that passage again and again in my previous analysis, please keep these in mind, greath depression is coming..
Disclaimer: Please do your own due diligence when it comes to investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..