carman

carman

Last week DAX jump with SP500 to 9900 zone after the Alibaba madness. DAX is back down currently to 9700 small resistance zone. On the daily DAX created a RSI divergence and bearish top candle 9758 is weekly Pivot / next resistance 9600 good old heavy resistance in 2014 If 9600 (9624 weekly S1) hold again DAX will have an other attempt to jump to new top. 9400...

carman

DAX is bouncing again between 9600 and 9800 levels. DAX is at Fibo level and bounce back to uptrendline and strong 9800 resistance zone. DAX have 2 options : breaking the 9800 zone is no SHS pattern anymore / invalid and ready for new top and bouncing back to very strong 9600 fibo and 9600 zone . 2014 DAX make no progression , still around 1 jan level after 9 months

carman

Today DAX break the last uptrendline. DAX found support at 9600 level. In june DAX bounced between 9600 and 9800 level before the correction to 9000. SHS is still in place if DAX break 9600 level.

carman

After breaking the 2011 trendline in august, DAX is back at the 2011 trendline. DAX is back in the 9800 zone. Combination from the old trendline 2011 and 9800 zone and fibolevel is a strong resistance zone. Before breaking this zone DAX can go back to 9600 before jumping to 9900 zone.

carman

DAX get support from uptrendline , now again in 9600 area. If Dax still have support from trendline , DAX can go to 9900 zone. 9800 is next resistance area 9900 is resistance with the old broken long trendline 2011. If DAX not hold the 9600 zone. SHS is back on the table. 9500 break uptrendline 9400 next zone

carman

After a 10% correction Dax is at strong 9000 support area. Waiting now if this 9000 support zone hold . DAX could be back to 9600 zone next weeks If DAX break the 9000 zone 8400 is next strong support zone

carman

Today DAX lost all his profit in 2 day's . DAX broke his strong trendline and strong 9600 zone. DAX have lost 700 points in 1 week. DAX next strong support zone is 9000 zone. I expexted some recovery after 9000 zone , back to 9400 or 9600

carman

Today DAX break the upwards trendline 2011. We are waiting for confirmation tomorrow if we have a real breakout or if DAX go back . If DAX break it's next supportlevel 9400 then we could confirm the trendline break and correction to 9000 level. If DAX created support at 9400 level , DAX can go back to longtrendline 2011 , new resistance at 9600 level

carman

DAX return back to 9600 level and his upwards trendline 2011. DAX have 2 options : support at trendline with divergens at RSI 14 and support at strong 9600 zone and back to new record or finaly break the upwards trendline. DAX could have a 5 or 10% correction.Support at 9000 zone and with the option for a SHS later.

carman

Today DAX jump up from 9600 zone and trendline. Sofar there is no break from the long upwards trendline. If support hold at 9653 DAX can go upward again to previous resist zone 9800 After yesterday pullback from breaking trendline . DAX is at important keypoint. Break drown or make new top again ?

carman

Today DAX is back arround the 2013 uptrendline. If DAX break also 9580 zone, there is more potential for a correction . 9400 and 9000 is a supportzone. 9000 giving DAX a 10 % correction. 9000 is bottom for SHS pattern. recovery untill 9624 erasing an earlier loss, as merger activity offset concerns over crises abroad and weaker home-sales data before a Federal...

carman

Today DAX is back arround the 2013 uptrendline. If DAX break also 9580 zone, there is more potential for a correction . 9400 and 9000 is a supportzone. 9000 giving DAX a 10 % correction. 9000 is bottom for SHS pattern.

carman

DAX close tonight at keypoint. 9700 zone. If tomorrow DAX fall further, than we break the short term trend line. GER30 probably get support again around 9600 or 9500 zone. DAX will bounce between fibolevels 9477 or 9606 and 9696 short under 9600 , long above 9770

carman

This week DAX is bouncing between 9800 zone and 9600 zone. 9600 is a strong resistance level this year. So we have to break this 9600 zone and shortterm trendline before DAX get further down. If DAX breakout at the upside we can go up to level 9900. I am looking forward or DAX make a SHS pattern. So short under 9600 and long when breakout at 9800

carman

After DAX lose support in 9900 area , DAX going futher down yesterday to 9800. Today we see DAX at next support area 9711 (Top in in Feb, Mar and April) . 9700 is important zone. If broke this zone there is more space for futher downtrend to 9400 ( break trendline). Next important area are 9600 and 9500.

carman

Today Dax is down to it's first support zone 9880. Last 4 weeks Dax is consolidating in a 155 points zone. For the 5th time we get in the 9880 zone. From here there are 2 options. Support maintain and DAX go futher upside again (10050 top). Other option is a break from the short trendline and 9880 supportline. This brings DAX to next support level 9800. There is...

carman

Sometimes it's good to take a bigger look. At the 1W view we see still an uptrend from 2011. But MACD is showing divergence. This was also in 2008 and 2011 before a crash. Higher DAX lower MACD at second top. Fibo's showing 10012 level for an importend level from the 2008 crash. Important levels to watch. 9917 : first support line ( today) . Break this level...