Dax,as forecasted in the previous post didn’t manage to cross the important 10800 level and is starting a descendent path that had as it lowest point on Friday the 16th at 1025 where it found some support to lift it but closing still below the 10300 mark. A few important supports have been crushed during this week , 10380 and 10320 being the most significant. What next? An important support is given by the 100 SMA. The 200 SMA just below may prove to be another rock solid help for the index. We forecast for next week a movement...Read More
Sep 3, 2016 | Dax
The Dax has well recovered since the post Brexit fall and to the 10700 level. What next? Hard to tell as always, but I tried to design 2 different scenarios. If you check the graph above showing the monthly DAX 30 candlesticks, you will notice that the index is on a downtrend since the top in April 2015 at 12374 points. The red line showing the trend has been briefly crossed five times so far and always the index has been rejected from it. As we are approaching again this trendline we have to scenarios I have imagined....Read More
This site is devoted to share ideas and strategies/ trends on different markets. A contribution is welcome regarding main indices or commodities.I mostly cover DAX, Gold and US indices. However I will analyze any other index or share at my will as I use my own methods, my own ideas and my own money.