Daxswing
German Dax 30 - a wider lookHi all,
first a longer term look to understand the big picture.
On a weekly chart, very bullish bias, retrace respect 0.886 fibo extension,
DAX like to respect this level ...
i will expect a bear party soon, before the bulls will take over.
for a short entry watch the 12000 area might be sooner then later.
I will update the chart on a weekly basis
DAX 60min BULL dvg all indicators, shortterm couple of days?BULL dvg in MOM , RSI & MACD in 60min chart, often be a bullish sign.
BUT it's obviose a HS topformation, so here we have to be careful,
and watch careful for bearish sign's again, and if it turn down again....
This could also be used for a new better short-position again,
if that should appear :)
If it stay's over 650-700, that could also be even a stronger BULL-case.
DAX - time to short index?Now I `m in Long (target 11310-11343).
A possible rebound from the upper border of the channel.
I go into a short deal GER30 on the rebound.
Potential targets on the chart.
Stop on the upper border of the channel (zone 11400-11440).
I will comment on the idea, as events unfold.
Thank you for your attention.
DAX inside at top in a downchannel, some bear divergence....Here aug-sept...60min.... maybe a downchannel (yellow). But also an alternative-channel (red-lines by the arrows)....some more rom to the roof there, 650.
Above todays high, 600-700... there's a zone for to be ready for a posible breakout upward...
If not, then low in the channel should be a target for the downside.....
MACD is a kind bullish, untill it cross down again....
Some bear divergence in momentum and RSI, but not sure if it is enough thoug... ?
Wait and watch for next big move now..... monitor price and such... and indikators progress.
DAX , HIDDEN BEARISH DIVERGENCE >> develope to the downside ?Not sure , but if it holds on here 10648 , I can notice we have a clear HIDDEN bearish divergence, that could come in play now >>> to the downside. Put a SL above that level, for a start.... and move the SL down, when posible. Not an easy task , so let's see if it could be any good....
That 4h-candle was not finnished, for another 2 hours.... but I did choose to make the chart now.....
DAX ''German Index'' ABOUT TO RISE AGAIN The German economy had a respectable begin to the second quarter however its development pace is prone to moderate over the span of the three months from April to June, the economy service said today.
Europe's biggest economy was on a strong development path, the service said in its month to month report, yet the outside environment stayed intense and was just continuously moving forward.
It said private utilization remained the most vital driver of development.
"After the positive begin to 2016, German monetary development is liable to moderate to some degree in the second quarter, not slightest in light of the fact that the spring recuperation in development is liable to be less proclaimed than regular after the gentle winter," the service included.
The German economy extended by 0.7% in the primary quarter, with solid private utilization, higher development speculation and expanded state spending on displaced people(Refugee) more than counterbalancing a dunk in remote exchange.
Germany's Finance minister, Wolfgang Schäuble, has hammered the entryway on Britain holding access to the single business sector on the off chance that it votes to the leave the European Union.
In a meeting in a Brexit-themed issue of German week by week Der Spiegel, the compelling veteran legislator discounted the likelihood of the UK taking after a Swiss or Norwegian model that would permit it to appreciate the advantages of the single business sector without being an EU part.
Schäuble told Der Spiegel :"That won't work,"It would require the nation to submit to the principles of a club from which it as of now needs to pull back. On the off chance that the larger part in Britain picks Brexit, that would be a ruling against the single business sector. In will be in. Out will be out. One needs to regard the power of the British individuals."
Brexit Impact on DAX - Polls versus Odds See the diferencesBrexit Financial Times poll 6 June:
Stay: 45%
Leave:43%
Odds Betfair
Stay: 70%
Leave: 30%
Something is not right, someone is lying and i bet are polls.
Base on that i design a new up channel and a possible buy are to get long. Make your comments.
DAX 9733 May Lows Critical Level to WatchMy stop profit was actived at 10.037 (DAX futures) during this night. For now i am out, waiting where DAX wants to go. May lows is the key for bulls and bears at this moment. Has you see DAX break the ascendant channel. If DAX close below 9.733 a re-test of february is a option.
DAX Key Support at 9,900DAX Look: return to levels of demand
The key short-term support is at 9,900 points.
DAX drop 1,03% which falls at about 14:30 hours of today's session. This has led to the price of our indice to close the gap at 10.057 points. Short-term the trend is bullish (until the price stay inside the channel DAX still in bullish mode) . We do not appreciate any sign of weakness but to see a very bullish signal should wait for a close above 10.365 points (highs of this week).