GER30If dax breaks the trend line (9500) suggest a sell all the way down to 9000 and below, however more likely scenario it bouncing up the trend line to 10,000+
Daxbuy
EUR/USD 2016 high & DAX 30 2016 low highly correlatedthe yearly high of 2016, until this weekend in EUR/USD Cross-Rate was mor or less at the same time like the yearly low of the german blue chip equity share!
Interesting and important technical fact, at least in my opinion
- ahead of ECB Meeting this week (thursday) & FED Meeting next week (wednesday) !!!
take care
best regards:
4XSetUps
DAX 30 Index breaked out last weekGermans major share index breaked out last week!
If this week we`ll close above 9600
(above down side trend - since november 2015)
the technical picture would suggest a trend reversal !?
take care
best reghards:
4XSetUps
DAX - GOOD TO BUY ON DIPSShorting till 0.764 fib level. This area is where consolidation occurs - as shown by the circles on the chart.
Overall trend is still bullish as long as the key pyschological support 10,000 holds. Thus why I am hedging by buying GER30 futures. Stop loss on buy positions 10,179 and 10,000.
DAX last bull breath? Bears are waking up slowly...Expect that DAX will test again the all time highs until December 2015. I think december FOMC meeting can bring the 1st rate hike since 2006. My opinion bulls will lose control in 2016 and bears will come and bring DAX to 5.500 area (see the red line from the last lows) .
SHORT TERM - BULL
LONG TERM - BEARISH
See chart to understand my view...
DAX: Bulls are you ready to go until 16.000?DAX weekly already begin to build a ascendant channel. A big up move will come in this next leg up. I can make a projection to 16.000 to achieve in the 1st Quarter 2016, many will call me crazy. For me this number (around) can be the Top of this HUGE Bull market.
