In the last two week DAX has been ranging between the 12200-11900 levels within the 200 DMA as major support and the red trend line as resistance. My long term target of 11880 set near the all time high has been reached. The 50 DMA is going to cross the 100 DMA average soon, so more bearish pressure is on the near horizon given also the September statistically adverse seasonality for the stock markets; in my opinion the 200 DMA should eventually surrender next week. I am bearish on the short and medium term with a new (FIBO retracement) target of 11480.
A bear market is in
March 14, 2020
Dax trying to regain lost levels
August 6, 2017
Why this move might not end soon
November 9, 2019
Dax consolidating recent gains
October 15, 2017
Free resource (PDF)
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.