Daxanalysis
Dax 30 : 10250-10900 Range indicates next phase sell off to 79xxDax continues to trade inside the short term rectangular range (10250-10900) ,11000 area remains as the major resistance which is also the 50% Fib retracement level (13820 - 7965 sell off) .Price got squeezed inside the major EMA - Fib levels since a month backed by the Q1 earnings numbers + ECB's comments on the strong intervention to support the economy,though the decision is still being questioned by the court and demanded a justification . We have Banks and major Q1 earnings numbers upcoming + the German GDP to be out on Friday (negative forecast of course) . There might be volatile upside movements to the 11000 handle this week but breaking the resistance is unlikely ,eventually one more time a test to 7950-7750 level (in couple of months) is what i am expecting before any strong rally .
Trend : Range ( 10250-10900)
Resistance : 11000
Supports : 10250 (Short term Range bottom)
#DAX ANALYSIS.. GREAT DEPRESSION OF MARKETS.. In my previous analysis, I mentioned that a strong sales wave could come to the markets again, in this context, I expect a structure as I mentioned in the chart.. Never say never.. Markets will be very interesting after 6 months, we will wait and see.. I firmly believe that big crash will come eventually and oil prices were the leading indicator of this..
Actually, I wrote that passage again and again in my previous analysis, please keep these in mind, greath depression is coming..
Disclaimer: Please do your own due diligence when it comes to investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
Dax next movesWhat do we think about DAX?
Let's see the Monday opening.
9420 in a very important level, above a strong supply zone which everything is in (Fibo levels, Fibo Fann, Gan Angles, etc...)
In our opinion, nothing will be enough to stop the bearish movement.
Everything is linked to USA and #SPX500 (and the Covid 19 situation first of all).
A little bullish correction will be possible until the trendline above but we will consider long trades only above 10130 (which is the level to cover the little GAP).
11690 and 11700 Area is a very good test to discover if the bearish sentiment will end.
Anyway, we believe in short... 8790 is the first target (complete da GAP Behind and it's 61.8% of Fibo, then 8000).
DAX - Dead-Cat-Bounce - FINANCIAL CRISIS OPPORTUNITIES 2020German and European stock market is in a very bad shape and is crashing much faster as during the DotCom bubble and faster than in 2008!
All major indices crashed during last few weeks, but the DAX looks weaker than the Dow and S&P500 . It is a flash crash with extremely high bearish momentum, which broke through the 50 and 100 MA moving averages! The 200 monthly MA is at around €8000 and this may hold support.
I expect a strong short/intermediate-term bounce from the support zone between €8000 - 7000 which could initiate a rally up into the dead-cat-bounce zone which is between €9.150 - 10.000! Sentiment is extremely fearful and dump money is leaving the space, therefore I think a big bullish bounce will come soon (dead-cat).
Long-term bearish outlook:
On the weekly time-frame a triple MA death cross is nearing and is only a few weeks away.
Price broke below ALL major weekly MAs (50, 100 and 200 MA). Price action below major MAs -> bear market!
A Coopock Curve sell signal will be triggered soon (when COPP curve crosses below ZERO line).
This could be the beginning of something big and it will be worse than 2000 and 2008!
The long-term debt cycle is ending and this in combination with toxic leveraged derivates could result in a debt death spiral!
Ever increasing government spending, more and more bureaucracy, increasing taxes and negative EU sanctions for big businesses forced investors to leave the market. This already fragile market only needed a black swan event to TRIGGER the END GAME. There is not only one black swan, the Coronavirus which is causing worldwide supply chain disruptions (= supply shock)! There is another black swan, which will have severe impact on the world economy which is the oil conflict between Russia, Saudi and USA!
Banks now begin to print massive amounts of FAKE fiat money to bailout big companies and whole sectors, which will result in a massive dilution of currency supply and loss of buying power of the EUR. Unemployment ratio raises very fast which is an indication that we are now in a depression. If this depression results in a death spiral, the economy will need a very long time to recover from this (look back to 1929).
ECB will soon print €750 billion to pump up the markets artificially with the Coronavirus as official main reason.
In approximately 18 months most fiat currencies will weaken drastically because new printed fake money will trickle down into the real economy and dilute purchasing power even more, which is like a hidden tax for savers.
I recommend withdrawing your funds from your bank and convert it into real money like gold , silver and Bitcoin before this Ponzi system breaks down completely.
Join the REVOLUTION and buy the TOP 5 Cryptos in 2020 which are the only digital assets which surge in value during this time of uncertainty! www.5coinsto5million.com
If you wanna get insider information you can contact me here: www.onlinebusiness.technology
I´m not a financial adviser. For educational purpose only!
DAX channel movementMy first public idea so give me time to be better :)
Within 1h TimeFrame DAX seems to be inside a neutral channel movement.
DAX tried out the decade's low support level of 8200 (2008 Lehmann Brothers financial crisis) with a throwback.
This is a positive sign but for now we remain neutral until we see a clear long movement
CoronabodenNach den Panikverkäufen der letzen Wochen im XETR:DAX könnte sich (vmtl nach entsprechender Luntenbildung) ein "CoronaBoden" abzeichnen.
Es könnte ein guter Anlaß für den überverkauften Markt sein, zu drehen.
Die fundamentalen Daten sind auf dem Höhepunkt der schlechten Nachrichten. Außerhalb Chinas ist das Wachstum noch exponentiell, und große Teile der Bevölkerung verstehen exponentielles Wachstum nicht und sind von den täglichen Zahlen erschüttert.
Dennoch hat sich in China die Kurve auf nahezuhin 0 Wachstum abgeflacht und es gibt keinen Grund anzunehmen, daß dies in Europa nicht auch der Fall sein wird in 3-6 Wochen.
Natürlich fühlt sich bei diesem Chartbild ein bullisches Play wie ein Griff ins Messer an, doch den Mutigen gehört die Welt :)
Auch halte ich weitere Kusverluste für wahrscheinlich, doch zunächst sollte sich ein Rücklauf einstellen.