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Daxlong

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.
XETR:DAXShort
by FlowState
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.
XETR:DAXShort
by FlowState
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.
TVC:DEU40Long
by Elliottwave-Forecast
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!
TVC:DEU40Short
by StefanBode
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