DAX - Daily Key Elements Key levels to look out for, please refer to our 4 hour chart for a strategic view!
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.
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.
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.
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!
DAX approaching resistance, potential drop! DAX is approaching our first resistance at 11778.68 (horizontal pulllback resistance, 50% Fibonacci retracement, 100% Fiboancci extension) where a strong drop might occur below this level pushing price down to our major support at 10989.90 (Horizontal overlap resistance, 50% Fiboancci retracement, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also approaching our resistance where we might see a corresponding drop in price.
DAX approaching resistance, potential drop!DAX is approaching our first resistance at 11036.41 (Horizontal overlap resistance, 23.6% Fiboancci retracement, 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 10181.14 (61.8% fiboancci extension, horizontal swing low support, 78.6% fibonacci retracement ).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
DAX - Daily Key Elements Key levels to look out for, please refer to our 4 hour chart for a strategic view!
DAX approaching resistance, potential drop!DAX is approaching our first resistance at 11036.41 (Horizontal overlap resistance, 23.6% Fiboancci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 10181.14 (61.8% fiboancci extension, horizontal swing low support, 78.6% fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
DAX Daily Key Elements Key level to look out for when analysing DAX, please refer to our 4 hour chart for a strategic view!
DAX approaching support, potential bounce! DAX is approaching our first support at 10181.14 (horizontal swing low support, 61.8% fibonacci extension, 78.6% fibonacci retracment) where a strong bounce might occur above this level pushing price up to our major resistance at 10990.66 (horizontal overlap resistance, 23.6% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
DAX - Daily Key Elements Key levels to look out for when analysing DAX, please refer to our 4 hour chart for a strategic view!
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.
DAX - Steady down butAlthough DAX is on it's path, this last move this week could mark the end.
Watch the bar...scare everybody.
At support.
Back to the breakout (pink marker)
Let's see what's going on the next weeks.
P!
DAX approaching resistance, potential drop! DAX is approaching our first resistance at 11867 (61.8%, 100% fibonacci extension, 38.2% fibonacci retracement, horizontal overlap resistance) where a strong drop might occur pushing price down to our major support at 11066 (Horizontal swing low support, 100% fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
DAX - Daily Key Elements Key levels to look out for, please refer to our 4 hour chart for a strategic view!
DAX approaching support, potential bounce! DAX s approaching our first support at 10799 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 11729 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price.
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
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DAX is approaching resistance, potential dropDAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
DAX is approaching resistance, potential dropDAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
