DAX approaching resistance, potential drop! DAX is approaching our first resistance at 11867 (61.8%, 100% fibonacci extension, 38.2% fibonacci retracement, horizontal overlap resistance) where a strong drop might occur pushing price down to our major support at 11066 (Horizontal swing low support, 100% fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
Daxshort
DAX approaching support, potential bounce! DAX s approaching our first support at 10799 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 11729 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price.
Dax30 - Again at 11.000?This week is likely to mark the end of the downturn and it should not come as a surprise to reach the 11,000 point range again.
Subsequently, a strong upward movement should start and bring the Dax over 12,000 better 13,000 points.
But it is still too early and the expected upward movement must then be analyzed again. The danger is that the green IV has not yet finished, but has only formed an intermediate low.
greetings from Hannover
Stefan Bode
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DAX is approaching resistance, potential dropDAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
DAX is approaching resistance, potential dropDAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
DAX is approaching resistance, potential dropDAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
DAX is approaching resistance, potential drop! DAX is approaching our first resistance at 11867.54 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our first support (horizontal swing low support, 100% Fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
DAX is approaching resistance, potential drop! DAX is approaching our first resistance at 11528 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 10799 (horizontal pullback support, 100% fibonacci extension, 50% fibonacci retracement). RSI (34) is also seeing a bearish divergence and we might see a corresponding drop in price.
DAX 1 year and 7 months H&S ReversalThis Idea is first of many ideas I will be publishing. As you may already know, there is a market sentiment that a very long bull market in US equities is over. Analysts are predicting that a new bearish market cycle may start very soon. Because of these analysis, I believe DAX Germany has completed the reversal pattern ten days ago.
As a result of this pattern and general sentiment among the analysts, I believe people will rush to Gold, Silver and crypto currencies, and their prices will go up. In the next few ideas, I will show you some of the reversal bullish patterns formed in the alternative investments like silver and crypto currencies.
DAX approaching support, potential bounce! DAX is approaching our first support at 11425.37 (horizontal pullback support, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 12457.14 (horizontal swing high resistance, 61.8%, 50% Fibonacci retracement).
Stochastic (55,5,3) is also seeing a bullish divergence and approaching support where a bounce off this level might see a corresponding rise in price.
DAX approaching support, potential bounce!DAX is approaching our first support at 11425 (horizontal pullback support, 100% Fibonacci extension ) where a strong bounce might occur above this level pushing price up to our first resistance at 12547 (horizontal swing high resistance, 50%, 61.8% Fibonacci retracement ). Stochastic (89,5,3) is also approaching support and seeing a bullish divergence and we might see a corresponding bounce in price should it bounce off this level.
DAX approaching support, potential bounce! DAX is approaching our first support at 11425 (horizontal pullback support, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our first resistance at 12547 (horizontal swing high resistance, 50%, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and seeing a bullish divergence and we might see a corresponding bounce in price should it bounce off this level.
DAX Bearish Sequence Calling For More DownsideHello Traders,
DAX short-term Elliott wave view suggests that the decline to 11865.47 low ended blue wave (W). Up from there, the bounce to 12460.67 high ended blue wave (X). The internals of that bounce unfolded as a zigzag structure where red wave A ended at 12184.41 high in lesser degree 5 waves. A pullback to 12064.41 low ended red wave B in 3 swings. While a rally to 12460.67 ended red wave C in another 5 waves in lesser degree cycle & also completed blue wave (X) bounce.
Down from there, the index has made a new low below 9/11 low (11865.47) confirming the next extension lower taking place. The initial decline from 12460.67 high is unfolding in 5 waves impulse structure where black wave ((i)) ended at 12174.69 low. A bounce to 12348.86 high ended black wave ((ii)). Then a decline to 11803.19 low ended black wave ((iii)). Black wave ((iv)) bounce ended at 11998.64 high.
Currently, we are calling black wave ((v)) of red wave A complete at 11520.97 and as long as the Index stays above that level it is expected to continue wave B bounce in 3, 7 or 11 swings before further downside is seen. We expect sellers to appear in 3, 7 or 11 swings against 12460.67 high dont like the buying of the index.
DAX approaching support, potential bounce! DAX is approaching our first support at 11728.60 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 12096.74 (horizontal overlap resistance, 50% Fibonacci retracement, potential 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.