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Germany30

DAX INDEX (GER30) – Week 10 – Correction expected.German stocks closed higher on Thursday evening, as gains in the retail, transportation & tech sector led the shares higher. Based on those facts, DAX reached an all time high and is still dominated by strong bullish momentum. As you can see in our chart, we expect the price to continue to increase, but it should soon start a deeper pullback that can drop the price towards the resistance area that we highlighted on our chart. At the moment we remain cautious and will avoid any buy setups, even if the price will continue to increase. Without a proper sell setup, we won’t be taking any chances. 1. We suggest waiting for the price to break the orange dashed line, which would be our first confirmation for a possible bearish move. 2. Afterwards we expect the price to pullback, and depending on your strategy you should make a decision in order to go with the trade or not. This may take some time and it may start developing next week. Do not over-leverage your position and keep the risk small. If any of the ones mentioned above won’t occur, we kindly recommend avoiding jumping in any trade. We may witness a break of the upper channel line as the price could continue to increase, but that won’t change the structure that we expect to unfold. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move
FOREXCOM:GER40Short
by financialflagship
18
DAX – Correction overdueShort analysis on the DAX in the context of the cyclical calculation On further rising prices is to be counted on the German leading index only with very much imagination. On the contrary! According to our calculations, a price decline of several weeks must necessarily be included. We strongly advise against any long positions in the current environment. We see the probability of a further rise with a good risk-reward ratio only far in March. Our subscribers will receive the coming low (exact turning date and probability of hit) as usual via our distribution list. Notice: Despite careful analysis, Global Investa does not guarantee the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor and investment advice from a professional investment advisor who takes into account the individual economic circumstances and the level of experience of the customer.
XETR:DAX
by Michael-Neubauer
DAX on the way to a reversalThe German leading index DAX seems to be getting more and more stuck in the area around 14,000 points. Should there therefore be another upward impulse before the imminent reversal date on 19 February, this would be an interesting opportunity to start a possible short exposure. Looking at the end of the month, a downward trend towards 13,800 points is more likely. In the event of a possible correction, one should even have levels in the area of 13,400 points on the agenda. There, the index looks well protected for the time being, so that short covering could occur. These in turn should lead to rising prices. If, contrary to expectations, the DAX is able to establish itself above the 14,000-point mark, the level of 14,500 points remains in the sights of market participants. Above this level, the level of 14,800 points would become interesting. Note: Three special analysis methods are used within our trading strategy. Only partial aspects have been published in this article and it represents neither a complete trading system nor investment advice or a recommendation to buy.
XETR:DAX
by Michael-Neubauer
GER30 (DAX)As described in my last analysis, the Dax has reached with the last high at 14137 only the minimum target, in the form of the 0.618 extension, of the yellow circled z. In all other waves, the mandatory targets have already been reached. However, there is still potential to the upside. So far, only the 0.618 extension has been reached in the pink (z). The next level the 0.786 extension is at 14204. In the drawn alternative, we would have with the high at 14137 only the green Alt. (w) of the yellow circled z completed and with the Friday low the green Alt. (x) finished. Should the market still aim for a new high from here, the ideal target here would be at 14235. In the vicinity of which also lies the mentioned 0.786 of the pink (z). From therefore a quite attractive target, which I like in principle much better than the current all-time high. What speaks against it, however, is that the market has run in late Friday trading again towards the low instead of clearly break away from it. A decision will probably be made early in the next trading week. Ultimately, the DAX is very likely to suffer significant losses soon and a new high, would only delay this by a few days.
FOREXCOM:GER40Short
by Elliott-Waves-2_0
GER30 (DAX) long term analysisWe see here the Dax since the 1970's. At the beginnig we have a clear 5 wave impulsiv structure. At the beginning of the new Millenium this structure change to a corrective one. But at this time I could count it also as an impuls. The clearest indication for a corrective structe is the Wave from 09/2011 to 05/2014. I do my best to count this wave as an impuls but it was not possible. Nevertheless the market rise in this time. The only logical interpretation was for me that the Dax is from it's beginning in a corrective structure. The most important question now is whether the coronalow is already the connecting X to the next rising wxy (38.2 RT was hit) or whether the market has just completed a W and we can still expect a Y, which brings a new low.
XETR:DAX
by Elliott-Waves-2_0