IS DAX the leader of the markets to guide everyone?
The key support which was holding the Dax got breached with a sizeable gap down..Be very cautious about the Eurozone going ahead in the short term.
Germany Stock Market Index DAX may be creating a Head and Shoulder pattern at the top. In order to break out and become bullish the Index has to strongly close above the Red line which it has been following for past months. A weekly close below 10850 levels will confirm a bear market in DAX atleast for the near term. Watch out for the contagion effect on our...
DAX is made head and shoulder pattern near Fibonacci level.. which is a very bearish sign. Germany is very strong economy in Eeurope. now if Germany market is collapsed then we can think about Europe
index has formed a bearish head and shoulder pattern breakdown will be valid once price will move below 11750.
This chart looks at the DAX index from Germany. It may be creating a Bearish Head&Shoulder topping pattern at at 13500. 2 day consecutive closing below the neckline of 11950 should be a confirmation. We must wait and see.
It has been over four months since we last wrote about the German DAX 30. The blue chip index was trading around 12 700 following a sharp selloff from as high as 13 602