Die aktuelle Put-Situation im Dax sollte jeder Trader oder Investor nutzen, sich die größeren Zeiteinheiten einmal anzusehen. Auf Wochenbasis verläuft ein Descending Broadening Wedge wobei der obere Kanal von oben nach unten verläuft (dunkelgrüne Linie). In diesem Wedge gibt es zusätzlich den starken Aufwärtskanal seit Anfang 2019 (hellgrün). Der Dax hat diesen...
Friday's price action ended prematurely, soon after the session opened and Dax fell by some 80 points. Following was a sideway movement and closing in the middle of the intra-day range. Today we open with an ascending gap which might soon be closed.
Support: 12 277
Statistics for today
Detailed statistics in the Statistical...
Whilst the S&P 500 has hit the 3000 milestone hitting all time highs over the past couple days the Dax has been dropping and has now fallen below the key support level at 12,431.13. The performance of the Dax is heavily reliant on the global economy as a number of companies in the Dax index are major exporters. Therefore the ongoing trade tensions between the US...
Following the DB announcement of 18,000 job cuts, and the wider slowdown in Germany, stemming from Trade War squeezes on various industries, the ECBs money printing program is no longer driving the DAX higher.
Volume and price trending lower
After having passed 12.000 points, the german DAX (with dividends) is now approaching the next resistance at ~ 12.530 points, a fib retracement 78.6%.
In this area one can expect a correction - entering wave 4, after the final rise to wave 5, which shall have a maximum lower than the older ATH.
If my analysis is right, consisting out of fib retracement + EW-Waves,...
I started trading in 2013 and I followed the American indices, SP-500, DOW-30, NASDAQ - 100 (they look about the same) .European indices DAX-30, IBEX-35, FTSE-100. And each of them shows the economic situation of the country .
I love Economics, but what I've seen over the years – it was a bubble blowing, a cycle. Now there are a lot of offers to invest in shares...
The Index has reached the destination zone - end of wave 5 is possible on this level.
DAX is near the support (fib retracement 78,6%) if this can´t hold, the index risks to fall on the lower limit of the parallel trend channel (short red arrow). This corresponds with the actual trends of the identicators RSI and MACD, which also tend downwards.
With this (little)...
Thursday's session was very nice and with reasonably volatile moves for profitable trading. Dax first climbed to hit Wednesday's high and by doing this, the statistical probability of 82% to break previous day high or low was fulfilled. A bit later, sellers took over even though we expected them to react on higher prices. The price sliced through the support zone...
We can see on the H4 chart that we have a bullish trend , a divergence that could end on the trend line and after that, it is possible to start the bullish move.
On the D1 chart, we can see that de DAX have the last maximum that didn't break it, so we can wait till it breaks and after that look for some buyers to push the price up.
- German industrial production declining (-1.8%)
- IFO business climate continuous decline from 105 to below 97 points in a year
- ECB program and rate cut insufficient support for economy
- Daily double top formation
- 38.2 Fib level as TP1
- Enter trade with SL above recent high
Monday’s session has seen no success, mainly due to the fact Dax hasn’t moved anywhere and the price was just ranging in a narrow band of 70 points. We haven’t even seen the retest of Friday’s high or low. Today, Dax opens with a small gap which is already closed.
Resistance: 12 148
Support: 11 987
Statistics for today
Detailed statistics in...