If I got it correct with wave 3 finished ?, then down > retesting 11500ish in wave 4 (it could go some lower, but...), and a last try for higher prices in wave 5 >> 11700ish . I will more call this like a guessing for now , for coming price movement. Don't bet on it, make sure u have u'r own analyze too, that will be u'r own reason for what u do in u'r trading.
Be careful with longs in EU stoks, bigger EUR not help big companys..
In this video update, we take a look at the Dax (Ger30) index as price has stalled at a key weekly resistance level. With growing concerns over the economic slowdown in the Eurozone, the indexes could suffer. Dax 4hr chart shows price changing cycle which could lead to further downside.
Let's see if we are indeed in the longest bull market in history.
1) Most indices retraced 50%, and we are at a very important turning point: if indices breakout cleanly there resistance (for instance SP500 at 2610.8, among other ones) then I would reassess my short bias as we would go back to potentially bullish territory (however, this would mean that the world and its economy become rosier --- no more issues!). The DAX could...
It could also be a trick to attract sellers and squeeze them. Need to work this out with the US ...
potential movement for GER30 will take a buy entry on pullback. targeting previous structure resistent and complete shark
There might be no X-mas Rally in the "traditional" sense this year, maybe. This is an alternative scenario for the DAX while the CAC40 would aim 4630-4688 and then 4196-4262 (third cycle).
Hi, Long Ger 30 (Dax). Price is very near first "Major" Support. There are many "Major" Trendlines (_______) Support below current price. NoOne "Major" Trendlines (_______) Resistance above current price. Only a "Minor" Trendline (_ _ _ _ _) Resistance. Even if Risk Off, prices should probably retest "Minor" Trendline (Resistence) (_ _ _ _ _) before go again...
Have Fun with that Chart for Long Term DAX Investors ... you know what to do now :)
DAX is sitting at the trendline support -- if it breaks then next support will be 12100 but the DAX is out of sync with SPX500. Lets wait & watch how DAX plays out if it breaks the recent low of 12100 it would be the signal to go short on every rise or if it plays catch up with SPX500 rally !!
Note: This is the monthly! Bottom or total collapse? Below the wedge should be ugly and could have effects on global markets.
After swing failure, retest of trend line is expected
at 12000 we have S3 pivot, previous volume developing POC and RSI on daily just confirms all of the previous. It can be a nice long setup.
we might see a nice reversal since MA (yellow line) holds pretty well and price analysis shows it could be a good signal for long
Here we can see that so far this year we have a clear downtrend for GER30 and until this downwards channel breaks this is the direction we shall continue to move in.