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Daxlong

DAX approaching support, potential bounce! DAX is approaching our first support at 11425.37 (horizontal pullback support, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 12457.14 (horizontal swing high resistance, 61.8%, 50% Fibonacci retracement). Stochastic (55,5,3) is also seeing a bullish divergence and approaching support where a bounce off this level might see a corresponding rise in price.
XETR:DAXLong
by FlowState
1
DAX approaching support, potential bounce! DAX is approaching our first support at 11728.60 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 12096.74 (horizontal overlap resistance, 50% Fibonacci retracement, potential 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
XETR:DAXLong
by FlowState
DAX Wave (3) or C progressing lower ?DAX daily chart view has been brought up again to bring up the larger picture. We have been following this chart since 12500 levels and our initial expectations have been almost met at 11800/900 levels yesterday. Also note that the 3rd of Wave (3) might be into progress, at a lower degree and if this count holds true, we could see prices dropping below 11750 levels at least and towards 11300/10800 levels in the coming sessions. On the other hand, if it is a flat unfolding, then we could see a bottom soon around 11750 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
XETR:DAXShort
by FXTM
1
DAX at decision levelPrice reaches the Centerline over 80% of time. With this fact alone one has a great measure tool for profit targets, or a good hint where to hide stops. The white Pitchfork's Centerline was a great indication that price will move in the opposite direction, after it recaptured it and closed above it again. Now price is dealing with a) the grey horizontal balance line b) the orange Centerline c) the up-sloping yellow Mini-Fork If price close below the Mini-Forks L-MLH, then a short is in play, with the natural target at the Centerline of the white Fork. If price climb above the orange Centerline, then the target will be the U-MLH of the white fork. If you not have any positions in DAX, then relax, lean back and observe how the rules play out. P! If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free beginners course: 1. Klick the link at the bottom of this post (on TradinvView.com) to get to our website. 2. Register for the FREE MEMBERSHIP 3. Login and start the course Happy learning!
XETR:DAX
by Tr8dingN3rd
Dax - 13,300 coming soonThe Dax finally manages the outbreak and should now run towards new highs. For a long time (3 weeks) we have been waiting for this decision but now it is there with full force. The nice thing about a wave 3 of the 3 of the 3 is the dynamics that it can develop and that shot up like a lettuce head from the ground yesterday. This is the expected plan has come up and the harvest time begins. Think about a higher SL StoppLoss Greetings from Hannover Stefan Bode P.S. Like's + Comments + notes = do not forget ;-)
TVC:DEU40Long
by StefanBode
1
DAX on the way to old ATH (in the long run)We had a risky time after the german index DAX has fallen to a low at 11.800 pt and after leaving the diamond pattern. At 11.730 pt it found the low which marked the end of wave C. I wasn´t sure if the index had enough momentum to break the strong resistance at 12.600 pt (fib retracement 78.6%). But it had, when attacking it in the second motive wave. I think this wave hasn´t ended yet; instead it could lead the index to levels around 13.000 pt - this zone has been a swing trend zone - there´s also a gap which hasn´t be closed yet. But with reaching this zone we also reached the overbought zone (RSI) and some profit-takes would be reasonnable. If the analysis is right up to this point we should see a correction wave (4) leading to the last support (fib retracement 78.6% at 12.600 pt). But not below this level, because in EW-theory the wave 4 can´t lead to lower points than the peak of wave 1. And if so, this analysis will be false at that point. But if not, we should enter in wave 5 after having rebounced. Above the swing trend zone at 13.000 pt there are no significant lines or gaps which could mark an end of w5 - so it´ll be possible that the index tests the last ATH at 13569 pt another time. Actually the indicators are signalling a bullish trend. This analysis is no trade avice!!!
XETR:DAXLong
by Luettis
2