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BUY DAX ON WEEKLY CHARTThe European market kept its collective head on Monday morning, avoiding another plunge despite the alarming losses in China. One of the more curious aspects of the coronavirus situation is that, while the rest of the world’s indices suffered, the Shanghai Composite was side-lined by the Lunar New Year holidays. Well, Monday saw it play catch-up. The Chinese index lost close to 8%, investors bailing at the first chance they got – this as the death toll jumped by 57, the single one-day increase since the virus was detected. Instead of treating this as another chance to sell, Europe was level-headed after the bell. The DAX rose 0.2%, while the CAC eked out a 0.1% increase. The FTSE was a bit more energetic, adding 0.3%, though that’s because of the pound’s early February retreat. As for the Dow Jones, the futures are currently pencilling in a 100 point bounce later this afternoon.
DLong
by q12398
2
Elliott Wave View: Bullish Sequence in DAXDAX shows Elliott Wave bullish sequence from August 15, 2019 low (11266.48) favoring more upside. The rally from 11266.48 to 12497.28 ended wave (1) as a 5 waves impulse Elliott Wave structure. On the chart below, we can see wave 3 of (1) ended at 12471.83, wave 4 of (1) ended at 12141.82, and wave 5 of (1) ended at 12497.28. Index then pullback in wave (2) and ended the correction at 11877.32. Index has resumed higher and broken above wave (1) at 12497.28, signalling the next move higher has started. Up from 11877.32, wave ((i)) ended at 12097.43 and wave ((ii)) ended at 11933.02. Expect Index to see a few more highs before ending wave 1 of (3) a 5 waves from 11877.32. Index should then pullback in wave 2 to correct cycle from October 4 low (11877.32) in 3, 7, or 11 swing before the rally resumes. We don't like selling the Index.
TVC:DEU40Long
by Elliottwave-Forecast
DAX DEU30 SHORT Longer Time OutlookHello to all watching my charts After the last break of the trendline (purple line) (please check my last DAX post here a few days ago) the chance of long has not fullfilled and Dax stays in the short signal aerea with lower and lower and lower prices. So what comes next ? Of course i am not able to tell you the future but some things are to mention. 1. We have made a big loss, so maybe we will get a rebound soon. 2. In the longer view Dax is still very very short positioned 3. Next hold ,so to say as support is 11300 (low from april) 4. For change to a long signal in my eyes we have to jump above the last bigger resistance and this is really far away at 12200 / 12250 I draw 2 black lines here at these aerea. Only above these level its a long chance. From the level now 11600 to 12250 its a no ones land i think. Good trades If you want to support my work and my charts please like them.. Renkotrade
TVC:DEU40Short
by Renkotrade
DAX SHORT but we wait on a Trendchange Power of Trendlines Hello to all watching my charts Today i will show you trhe power of trendlines and broken trendlines as trading points. For example here is the DAX Germany DEU 30 index on base 1 HR We are long since 4.7. 11925 / broken left blue trendline short since 9.7. 12400 / broken purple trendine +75 points long since 15.7. 12400 / broken blue trendline short sine 17.7. 12400 / broken green trendline long since 19.7. 12327 / broken yellow trendline +73 points short since 25.7. 12378 / broken purple trendline +51 points and we are waitin for a long signal at the moment In total ca 200 points with a only few trades no hustle and bustle Good trades If you want to support my charts and my work, please like them... Good trades Renkotrade
TVC:DEU40Short
by Renkotrade
Dax daily: 17 Jun 2019Welcome to a new trading week. Friday’s session turned out exactly as expected. From the beginning of the session, Dax went through our first support level at 12 121 to retest the second support level laying at 12 054 where the price bounced and even formed a daily low there. Later on, Dax slowed down in the consolidation area from Wednesday and we even closed in this range. Important zones Resistance: 12 148 Support: 11 987 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 19:00 CEST – ECB President Draghi Speaks Today’s session hypothesis The gap has already been closed so we’re short of one daily target. If we find bearish momentum, the price could head lower to retest the weaker support at 11 987. Talking about higher levels, there is one weaker resistance level at 12 148, however, if the price gets all the way there, it is likely Dax will retest the Friday’s high and the zone of 12 200.
EUREX:FDAX1!
by FTMO
Elliott Wave View: Further Strength in DAX Short TermElliott wave view in DAX calls the pullback to 11625.31 as ending wave (W). This move lower ended the decline from May 3 high. The Index thus is within wave (X) rally to correct the cycle from May 3 high (12435.67) before it resumes lower again. On the chart below, we can see the rally from June 3 low (11625.31) is unfolding as an impulse Elliott Wave structure. Up from 11625.31, Wave ((i)) ended at 11744.93, wave ((ii)) ended at 11689.51, and wave ((iii)) ended at 11972 peak and wave ((iv)) at 11109 low and wave ((v)) at 12055 peak in red wave A. It should now pullback in wave B to correct the cycle from June 3 low in 3, 7, or 11 swing before turning higher. We don’t like selling the Index.
TVC:DEU40
by Elliottwave-Forecast
DAX DEU30 SHORT but possible Bottom at 11330 found Hello to all who watch my charts. Who my idea Dax Short from 21.3. followed (fall down out of the the Long Channel in PINK) is now already 300 Dax point forward. But as soon as we have reached a point at which a small bottom formation is emerging today. In the area around 11300 to 11330, DAX DEU30 has today stopped its downward trend several times. We have to watch this in details tomorrow. Actually, we have fallen further down out of the short channel even down what is always negative for the price in the future On the other hand, such multiple support bounce on 1 HR Chart basis is a sign that trendchange possibly! is to come. To be shure of these the DAX would first have to recapture my blue line around 11420. Should Dax be able to manage that (> 11420 on the hour close course), I would continue to be very careful holding short positions. But should he just give up this small support aerea at around 11330, i exspect downside pressure . -------------------- --This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research--- -----------------------
TVC:DEU40Short
by Renkotrade
DAX SHORT Sitation at end of 08.03.2019 SHORTDax is going down exact as descriped in the new trend channel Nothing really new things happens today. What to mention is: Dax found support at the support line of around 11410 - aerea 11421 - 11420. Mabye from that point Dax can revcover now to the upper line of the red marked trend channel down (Up to 11500 aerea is free spcae there till end of mondays trading day.) But only a break of these down channel upper line would shows us a stopp of the down trend. To the lower side the next support level i have shown as blue lin ein the chart is at around 11370 to mention. So be carefull wil longs against the trend and always remember your stopp loss.
TVC:DEU40Short
by Renkotrade