Support Broken, next Support 8000 #DAX #GER30
The 4 hour right side is up against 12883 low from 12/10/2019. The hourly right side is up while above 12942. While above there expect the index to extend higher toward the 14000-14250 area in the daily wave ((3)) before it corrects the cycle from the 8/15/19 lows.
if by any chance today's candle close comes in red or doji , we can expect bear divergence on daily TF & coming week of blood bath , but all depends on todays closing .
Dax broke it neckline way before the correction started in US markets. After a drop now it is retesting the neckline. We can expect a correction from here again, BREXIT may be the trigger.
With over a month gone by in 2019, we look in to the performance of Nifty and Bank Nifty against some of the World's major indices namely - Dow Jones - Germany Dax - Hangseng - China & - Nikkei ...over different time horizons In the above chart we see Year to date performance of our market which is in the negative ( NiftY -0.15% & Bank Nifty...
IS DAX the leader of the markets to guide everyone?
* Wyckoff Analysis * Distribution Phase * Doji @ top #Invalid above 12050
The structure of Bearish Gartley (marked blue) and Bearish AB=CD (marked green) suggests an end of honeymoon period for bulls. With ECB meeting scheduled today and INDEX:DAX trading around 10,750, there can be short opportunity in the range of 10,800-10,950 for the target of 9,300-8,800 with the stop loss of 11,500.