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Germany30

Is Dax about to crash? I don't think so!It apears that DAX is likely to crash as it has formed a beautiful head and shoulder pattern. It is possible but I think DAX is less likely to break to the downside because: (a) DAX is completing the complex fourth Elliott wave which has retraced back exactly 38% of the third bullish wave started in June 2016. It is now likely to move up in the fifth wave. (b) DAX has not broken the bottom of the red channel (yet) which has remained intact since 2009. DAX can moves up after gaining support from the bottom of the channel. (c) Everyone thinks that it is about to crash and it cannot be that obvious!! Although anything can happen, but I think that DAX is more likely to move up from here, and reach the 15000 level before dropping back to around 10000. However, please pay attention to how the bottom of the red channel behaves. This idea will only work if the bottom of the red channel acts as support. If it breaks and starts to offer resistance, then the head and shoulder pattern will do what it is supposed to do! PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk. Cheers ND
XETR:DAXLong
by ndau
1
German Stock Index DAX (Sept 2018) This will be my views of German Stock Index DAX (Sept 2018) Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
OANDA:DE30EUR
by SonicDeejay
2
Target hit. 1D bearish reversal. Short.TP = 12,550 hit as the 1D Channel Down (RSI = 42.259, MACD = -17.900, Highs/Lows = -20.1645, B/BP = -179.2980) made a near 12,600 Lower High. The index has now resumed the downtrend and should attempt at least another 12,100 1D support test. Our initial target is 12,130 and if 12,100 is crossed we will continue with a TP = 11,877 with the SL on profit to ensure the profit. Notice now the price made the 1D Lower High exactly on the blue resistance curve, which on a 1W scale is the right shoulder of the very long term 1W Head and Shoulders formation.
XETR:DAXShort
by InvestingScope
Target hit. Approaching a new Lower High. Long.TP = 12,355 hit as the 12,080 1D support was kept intact and DAX made a Lower Low on its Channel Down (RSI = 46.830, Highs/Lows = 0.000). Currently the price is even above our maximum expectation of 12,400, so attention is required as we approach 12,510. Since the 12,080 support was respected, at least on the short term, the index should technically approach 12,600. We expect to utilize the bullish momentum built on 4H (RSI = 60.708, Highs/Lows = 101.6429) and as a result we are again going long with TP = 12,500 and 12,550 in extension.
XETR:DAXLong
by InvestingScope
German Stock Index DAX (Aug 2018) (Can Swing Back Up)This will be my views of German Stock Index DAX Aug 2018. Please make sure to read the "update" comment as there will be changes along the way. You are welcome to "Like" and "Comment". Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
OANDA:DE30EURLong
by SonicDeejay
3
DAX..... Heading down south?The German leading index charged through a daily trend today fueled by the escalating news from Turkey. As you can see we're closing in on the trend line that was formed in 2016 after the "15-16 sell-off". With the 10 day RSI indicating "oversold" a rebound to the previous trend line (12350) is a possibility after which I'm expecting another down turn and breaking the 2016 trend. Another possibility is that the DAX keeps on steaming through and breaking the trend in one go. Once it manages to break I expect the support at around 11850 to hold it's ground. If it looks like the 11850 support is gonna break as well I'm gonna have to follow up on this post with new targets/possibility's. Keep in mind we're living in interesting times with the " Trade wars" and "Future crisis" looming around every corner. P.S. I'm not telling you what to do always cross reference with you're own analysis. I'm not responsible for your loss. P.P.S Any thoughts/feedback is always appreciated!
TVC:DEU40
by HungrywolfNL
Head and Shoulders nearly complete. Wait for confirmation.DAX is about to complete a very long term Head and Shoulders pattern on the Monthly chart, thus the neutral RSI = 51.621, ADX = 29.826. 1D is a Channel Down formation (RSI = 34.363, MACD = -73.300, Highs/Lows = -357.2500, B/BP = -455.2462), which if the 12,080 support from the previous Lower Low breaks, will hit 11,900. If it is rejected, then it will rebound to form a new Lower High near 12,400. We use this support as a break-out confirmation point (crossing = short with TP = 11,900, rejection = long with TP 12,355.
XETR:DAX
by InvestingScope
1
DAX Elliott Wave Analysis: Bounce Can Be TemporaryHello Traders, In this short-term analysis, we will have a look at the German DAX Index. DAX short-term Elliott wave analysis suggests that the rally to 12882.05 high ended red wave X bounce. The internals of that bounce unfolded as Elliott wave double three structure where black wave ((w)) ended at 12640.87. Black wave ((x)) ended at 12468.68 and black wave ((y)) of red X ended at 12882.05 high. Down from there, DAX is currently suggesting that it is unfolding as a potential 5 waves structure. Where blue wave (i) ended at 02/08/18 low (12491.53), blue wave (ii) pullback at 07/08/18 peak (12740.66), and blue wave (iii) at 08/13/18 low (12321.45). Currently, it is in the progress of making a pullback in blue wave (iv) before extending 1 more leg lower in blue wave (v) before a 3 waves bounce higher can be seen. We don’t like selling it.
XETR:DAX
by Elliottwave-Forecast
Elliott Wave Analysis: DAX Ready For Rally Higher?Hello Traders, DAX short-term Elliott wave analysis suggests that the pullback to 6.28.2018 low ended blue wave (2) at 12088.56. Up from there, the rally higher to 12769.8 higher ended red wave 1. The internals of that rally higher took place as impulse structure with internal sub-division of 5 wave structure in black wave ((i)), ((iii)) & ((v)). On the other hand, wave ((ii)) & ((iv)) took place in 3 waves corrective structure. Above from 6.28.2018 low cycle, the rally higher to 12369.5 high ended black wave ((i)). Down from there, the pullback to 12115 low ended black wave ((ii)). The rally higher from there took place in 5 waves structure & ended the black wave ((iii)) at 12630 high. Below from there, the pullback to 12513.5 ended black wave ((iv)) as a contracting triangle. The final rally higher from there ended black wave ((v)) of red wave 1 at 12769.5 peak. Down from there, the correction against 6.28.2018 low cycle completed red wave 2 at 12454.5 low after reaching the blue box area at 12540.50-12446.86 100%-161.8% Fibonacci extension area. Near-term, while dips remain above 12454.5 low and more importantly above 12088.56 low, expect the Index to resume the upside in red wave 3 higher. We don’t like selling it.
XETR:DAXLong
by Elliottwave-Forecast
German Stock Index DAX (*Bullishness can go further) We have a nice strong bullish momentum on GER30 and it is likely to get carried forward further. I am expecting it shall easily travel to 12590. If the bullishness persists, it can retest to 12800 regions. Let's see, Press "Like" and "Follow". Sonic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
OANDA:DE30EURLong
by SonicDeejay