DAX: Bullish Bias Above 13235.00
Pivot (invalidation): 13235.00
Our preference Long positions above 13235.00 with targets at 13360.00 & 13410.00 in extension.
Alternative scenario Below 13235.00 look for further downside with 13190.00 & 13140.00 as targets.
Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
DAX Bulls Are Controlling The Trend
DAX is extremely bullish. I expect uptrend continuation provided that the price is already rejecting 88.6 fibonacci level.
13264 is the 88.6. We can see how the price reacted and it’s a clear rejection off the 88.6. We can expect continuation up towards next levels. 13427, 13469 and 13495. Above...
DAX: Further Advance
Pivot (invalidation): 13272.00
Our preference Long positions above 13272.00 with targets at 13410.00 & 13460.00 in extension.
Alternative scenario Below 13272.00 look for further downside with 13234.00 & 13190.00 as targets.
Comment The RSI is bullish and calls for further advance.
DAX: Range
Pivot (invalidation): 13347.00
Our preference Short positions below 13347.00 with targets at 13234.00 & 13190.00 in extension.
Alternative scenario Above 13347.00 look for further upside with 13380.00 & 13460.00 as targets.
Comment As Long as 13347.00 is resistance, expect a return to 13234.00.
DAX: Bullish Bias Above 13220.00
Pivot (invalidation): 13220.00
Our preference Long positions above 13220.00 with targets at 13347.00 & 13380.00 in extension.
Alternative scenario Below 13220.00 look for further downside with 13160.00 & 13100.00 as targets.
Comment The RSI has just landed on its neutrality area at 50% and is turning up.
DAX: Further Advance
Pivot (invalidation): 13220.00
Our preference Long positions above 13220.00 with targets at 13380.00 & 13460.00 in extension.
Alternative scenario Below 13220.00 look for further downside with 13160.00 & 13100.00 as targets.
Comment The RSI advocates for further upside.
DAX: The Bias Remains Bullish
Pivot (invalidation): 13090.00
Our preference Long positions above 13090.00 with targets at 13275.00 & 13312.00 in extension.
Alternative scenario Below 13090.00 look for further downside with 13035.00 & 13000.00 as targets.
Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
DAX: Intraday Support Around 13000.00
Pivot (invalidation): 13000.00
Our preference Long positions above 13000.00 with targets at 13215.00 & 13297.00 in extension.
Alternative scenario Below 13000.00 look for further downside with 12890.00 & 12810.00 as targets.
Comment The RSI is around its neutrality area at 50%
DAX: Range
Pivot (invalidation): 13000.00
Our preference Long positions above 13000.00 with targets at 13215.00 & 13297.00 in extension.
Alternative scenario Below 13000.00 look for further downside with 12810.00 & 12670.00 as targets.
Comment The RSI lacks momentum.
DAX: Range
Pivot (invalidation): 13000.00
Our preference Long positions above 13000.00 with targets at 13297.00 & 13460.00 in extension.
Alternative scenario Below 13000.00 look for further downside with 12810.00 & 12670.00 as targets.
Comment The RSI lacks momentum.
DAX: Range
Pivot (invalidation): 13000.00
Our preference Long positions above 13000.00 with targets at 13297.00 & 13460.00 in extension.
Alternative scenario Below 13000.00 look for further downside with 12810.00 & 12670.00 as targets.
Comment The RSI is around its neutrality area at 50%.
DAX: Bullish Bias Above 13000.00
Pivot (invalidation): 13000.00
Our preference Long positions above 13000.00 with targets at 13297.00 & 13460.00 in extension.
Alternative scenario Below 13000.00 look for further downside with 12810.00 & 12670.00 as targets.
Comment The RSI is around its neutrality area at 50%.
Elliott Wave View: DAX Impulsive Rally Suggests Buyers In Control
Short term Elliott Wave view in DAX suggests the decline to 11450.76 ended wave ((2)). This pullback ended the correction to the cycle from March 16, 2020 low. Index is proposed to have turned higher in wave ((3)), but it should still break above the previous peak on September...
DAX: Range
Pivot (invalidation): 13000.00
Our preference Long positions above 13000.00 with targets at 13210.00 & 13330.00 in extension.
Alternative scenario Below 13000.00 look for further downside with 12810.00 & 12670.00 as targets.
Comment A support base at 13000.00 has formed and has allowed for a temporary stabilisation.
Vaccine News Solidify Risk On Mode; But Yen Selling Lacks Conviction
News of coronavirus vaccine readiness was the biggest market mover last week, solidifying near term risk-on sentiments. Subsequent price actions in major global indices were clearly corrective looking, setting the stage for further rally. Swiss Franc and Yen ended as the worst performing ones, followed by Canadian Dollar, which...
DAX: Range
Pivot (invalidation): 13210.00
Our preference Short positions below 13210.00 with targets at 13000.00 & 12810.00 in extension.
Alternative scenario Above 13210.00 look for further upside with 13330.00 & 13460.00 as targets.
Comment The RSI lacks momentum.
Vaccine Spells Trouble for Big Tech But Old Economy Stocks Surge
Stocks around the world skyrocketed on news this week that the Covid-19 vaccine being developed by Pfizer and BioNTech is more than 90% effective in protecting against the virus. That’s a very impressive number when considering that it’s much higher than the most optimistic expectations and even more so...
DAX: The Bias Remains Bullish
Pivot (invalidation): 13120.00
Our preference Long positions above 13120.00 with targets at 13300.00 & 13460.00 in extension.
Alternative scenario Below 13120.00 look for further downside with 13000.00 & 12840.00 as targets.
Comment The RSI is bullish and calls for further advance.
DAX: The Upside Prevails
Pivot (invalidation): 13000.00
Our preference Long positions above 13000.00 with targets at 13300.00 & 13460.00 in extension.
Alternative scenario Below 13000.00 look for further downside with 12840.00 & 12660.00 as targets.
Comment The RSI is bullish and calls for further advance.
DAX: Bullish Bias Above 12371.00
Pivot (invalidation): 12371.00
Our preference Long positions above 12371.00 with targets at 12650.00 & 12820.00 in extension.
Alternative scenario Below 12371.00 look for further downside with 12200.00 & 12045.00 as targets.
Comment The RSI is mixed.
DAX: Bullish Bias Above 12371.00
Pivot (invalidation): 12371.00
Our preference Long positions above 12371.00 with targets at 12650.00 & 12820.00 in extension.
Alternative scenario Below 12371.00 look for further downside with 12200.00 & 12045.00 as targets.
Comment The RSI is mixed.
DAX Should Be Going Down Today
The DAX has come to 88.6 resistance and it has made a very good confluence with D H3 camarilla pivot. We should see a drop from the 88.6 zone.
We have a triple crisis which triples the market risk. US elections, BREXIT and COVID-19. Headline risk is big for all...
DAX: Bullish Bias Above 12390.00
Pivot (invalidation): 12390.00
Our preference Long positions above 12390.00 with targets at 12718.00 & 12820.00 in extension.
Alternative scenario Below 12390.00 look for further downside with 12200.00 & 12045.00 as targets.
Comment The RSI is bullish and calls for further upside.
DAX: Look For 12550.00
Pivot (invalidation): 12130.00
Our preference Long positions above 12130.00 with targets at 12408.00 & 12550.00 in extension.
Alternative scenario Below 12130.00 look for further downside with 11990.00 & 11850.00 as targets.
Comment The RSI is bullish and calls for further upside.
DAX: Bullish Bias Above 11950.00
Pivot (invalidation): 11950.00
Our preference Long positions above 11950.00 with targets at 12140.00 & 12300.00 in extension.
Alternative scenario Below 11950.00 look for further downside with 11770.00 & 11660.00 as targets.
Comment Intraday technical indicators are mixed and call for caution.
DAX: Rebound Expected
Pivot (invalidation): 11600.00
Our preference Long positions above 11600.00 with targets at 11850.00 & 12070.00 in extension.
Alternative scenario Below 11600.00 look for further downside with 11450.00 & 11275.00 as targets.
Comment The RSI calls for a bounce.
DAX Key Resistance At 11700.00
Pivot (invalidation): 11700.00
Our preference Short positions below 11700.00 with targets at 11450.00 & 11170.00 in extension.
Alternative scenario Above 11700.00 look for further upside with 11850.00 & 12070.00 as targets.
Comment As Long as the resistance at 11700.00 is not surpassed, the risk of the break below 11450.00 remains high.
DAX Intraday Support Around 11450.00
Pivot (invalidation): 11450.00
Our preference Long positions above 11450.00 with targets at 11850.00 & 12070.00 in extension.
Alternative scenario Below 11450.00 look for further downside with 11170.00 & 10900.00 as targets.
Comment A support base at 11450.00 has formed and has allowed for a temporary stabilisation.
DAX30 Bearish Monthly Candle Confirms Waves B-C And Downtrend
German stock index DAX 30 is breaking below the monthly candle lows from July to September. This month’s monthly candle is likely to close firmly bearish.
How will the bearish close impact the Elliott Wave patterns and outlook? This article reviews what DAX traders can expect in the next 6...
DAX The Downside Prevails
Pivot (invalidation): 11850.00
Our preference Short positions below 11850.00 with targets at 11360.00 & 11100.00 in extension.
Alternative scenario Above 11850.00 look for further upside with 12070.00 & 12340.00 as targets.
Comment The RSI is below its neutrality area at 50%