The FTSE MIB was down by 0.6% to trade around the 30,250 mark on Monday, as investors remained cautious ahead of crucial economic data releases, namely the US inflation figures, that are expected to provide further insights into the potential trajectory of global monetary policy. On the corporate front, petrochemical firms, such as Saipem (-2.6%) and Eni...
You can make an argument that the DAX is very overextended, as we have rallied quite drastically. The German DAX initially pulled back a bit during the trading session on Friday, but it does look as if there are buyers underneath, especially near the €16,600 level. This is an area that has offered support recently, and the fact that we have bounced from that...
Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Falling Wedge 📌 Symbol/Asset: WDP DISNEY 🔍 Description: Stock is around long term support. Stock might not come around the same level again . Stock is also making falling wedge in a downside rally, so we can see huge momentum after falling wedge breakout !! We can expect minimum 200-400% returns in coming years...
German DAX has been consolidating in a range for a while now and today it is breaking below the key level where it was bouncing from. This is on the back of the jobs data from the US but it had been pretty weak even before that. We are looking at the target of 15,000 in the index.
The German index is just 3% away from an all-time high strong outperformer against global peers. now at 15875, can move beyond the 16300 mark on the downside good as long as hold the 15250-15300 area
Publishing herewith my idea about DAX using day time frame
Publishing herewith my idea about price relation with pattern, matching weekend price with start of the week pattern
Republishing my weekly idea about DAX using day time frame, price opened gap up, below a trendline
Publishing herewith idea about DAX for next week, advised to read it with monthly idea
Publishing herewith my idea about DAX for current month non stoppable rocket hit a trendline, also got rejection from weekly RSI 70, still above important support ,if ,broken bound to slips into the lower zone in day time frame
Publishing herewith my idea about DAX for the day, index made a 4hr IC, still above a support zone