Forecast and levels for Dax Index - page 4

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Sergey Golubev, 2017.09.18 16:50

DAX Index - All-Time Intraday Highs (based on the article)

H4 price broke Ichimoku cloud to above for the bullish reversal breakout: the price is testing 12,616 resistance level for the bullish breakout to be continuing.


  • "The Deutsche Boerse DAX Index (12,518.81 on Sept. 15) has a positive weekly chart with the average above its five-week modified moving average of 12,307.44. The 12x3x3 weekly slow stochastic reading rose to 31.14 last week, up from 24.66 on Sept. 8."
  • "Investment Strategy: Buy weakness to my quarterly value level of 11,055.97. Reduce holdings on strength to my monthly and annual pivots of 12,805.76 and 12,844.29, respectively."

 

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Sergey Golubev, 2017.10.20 12:58

DAX Index - daily bullish ranging within narrow s/r levels (based on the article)

Daily price is located above Ichimoku cloud for the ranging within the following narrow support/resistance levels:

  • 13,088 resistance located in the bullish trend to be resumed, and
  • 12,900 support level located in the beginning of the secondary correction to be started.

The price on the weekly chart is on testing with 13,030 resistance to above for thebullish trend to be continuing.


  • "Yesterday, the DAX traded higher but found sellers and reversed. It wasn’t a ‘nasty’ reversal-day but the intra-day range of about 90 handles was the largest since the last trading day of September. It’s been a difficult little stretch indeed, with minimal volatility. That could be about to change."
  • "The mini surge higher and reversal out of the high-level consolidation formation is the kind of price action we were looking for as a sign-post a pullback may be in store. A drop below the consolidation low at 12909 will undermine not only the congestion pattern but also put the index back below the record high recorded in June. In this case it is reasonable to expect at the least we see a move towards the swing-high from July beneath 12700. Even if the DAX is to trade to new heights the market is in need of a pullback."
  • "Next week, the ECB meets on Thursday and we’ll learn more about the path Draghi and company want to take with regard to its QE program."
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The chart was made on Metatrader 5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

 

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Sergey Golubev, 2017.11.21 12:57

Dax Index - daily ranging bullish near bearish reversal; weekly bullish to be resumed (based on the article)

Daily price is located near and above Ichimoku cloud in the bullish area of the chart. The price is on ranging within wide s/r levels for the bullish trend to be resumed if 13,248 crossed to above or the bearish reversal to be started in case of the price breaks 12,844 support level to below on close daily bar.


  • "On Wednesday, the DAX broke down below important support in the low-12900s, but managed to recover by the close of the session to put in a modest reversal-day. This helped keep a bid in the market, but it’s a sticky area with key support in place by way of the consolidation period during October and prior high in June and resistance at the long-term top-side trend-lines crossing over in the current vicinity and just above. A lot going on in a tight window."
  • "The key to keeping a floor in the market at this juncture is last week’s low at 12847. A close below and another leg lower will have eyes on the July swing-high at 12676, and then an important long-term trend-line dating back to the June low from last year. Also in that same vicinity is the 200-day MA."
  • "The longer it takes for the market to lift risk increases with each passing day that we are seeing a pause before a break towards the aforementioned levels. If the DAX can convincingly gain traction, there aren’t any substantial levels to contend with until the prior record high at 13525. But this doesn’t mean it will be easy getting back to those levels. The recent pullback was strong, it may take some time for market confidence to rebuild again if we are to see a serious attempt on making new record highs."

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The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:

 

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Sergey Golubev, 2017.12.27 15:25

DAX Index - ranging bullish; 12,816 and 11.879 are the keys for the bearish reversal (based on the article)

Weekly price is located above Ichimoku cloud for the ranging within 13,533 resistance and 12,816 support. The price is on testing the descending triangle pattern to below for the possible bearish breakdown to be started.


  • "The first target on a failed range breakout was the 12/18 gap (which has been filled) with the possibility then of seeing a move towards the low-end of the November/December range in the vicinity of 12940/810. In the event the DAX can hold up here sooner it could make its way back higher, but the fact the range breakout was negated so quickly suggests we may see more weakness first. "
  • "It’s thin holiday-trading conditions in financial markets, and will be the case for the remainder of the week. Markets will be closed on Monday for the New Year, so Friday is likely to see volume dry up again as it did last week heading into the long holiday weekend. It’ll be prudent for traders to take it slow until better market participation returns. January often times brings good price movement, which is the positive as the year quickly draws to a close."

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The chart was made on Metatrader 5 with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


 

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Sergey Golubev, 2018.01.28 12:40

Weekly Fundamental Forecast for Dax Index (based on the article)


Dax Index - "Last week, the DAX sold off on euro strength on the back of Thursday’s ECB meeting and a generally weak US dollar. Looking ahead to next week, Euro-zone and German GDP are on Tuesday, German Employment data and Eurozone CPI on Wednesday. Also, look out for a possible reaction on Thursday following the FOMC announcement the day prior and the U.S. jobs report on Friday."

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Chart was made on MT4 using iFibonacci indicator and MaksiGen_Range_Move indicator from CodeBase (free to download).


 

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Sergey Golubev, 2018.01.31 19:29

Dax Index - daily bullish ranging near bearish reversal (based on the article)

Daily price is on bullish ranging within the following s/r levels:

  • 13,600 resistance level in the beginning of the bullish trend to be resumed, and
  • 13,172 support level located in the beginning of the bearish reversal to be started.

Descending triangle pattern was formed by the price to be crossed to below for the possible bearish reversal in the future for example.

Dax Index by Ichimoku system

  • "With yesterday’s close below 13222 (a small lower-low from 1/25), the DAX is positioned for lower prices. Next up is 13137, the 1/17 low. With an acceleration in selling below support the August trend-line will quickly come into play, and then the more important trend-line dating back to June 2016. These two lines arrive in the vicinity of 13000/12900."
  • "From the tactical standpoint, the path of least resistance is down, favoring short-sellers. To turn the picture bullish, it will require momentum to turn around, and soon; even then there has been a decent amount of technical damage since notching a record high just last week."

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The chart was made on W1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:


 

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Sergey Golubev, 2018.02.28 17:50

Dax Index - daily bearish ranging for direction (based on the article)

Daily price is on bearish ranging below Ichimoku cloud within 12,603 resistance level for rally to the bullish reversal to be started and 12,279 support level for the primary bullish trend to be resumed.

DAX Index

  • "The ‘rally’ off the low continues to smack more of a corrective bounce than it does the beginning of a broader move higher. However, corrections (bear-flag in this case) can last for periods of time longer than expected before continuing back in the direction of the trend. Or, eventually morph into a broader rally at some point as market confidence is restored. There are signposts to watch here as this plays out."
  • "There have been a couple of dives lower (2/14 & 2/22) on an intra-day basis which were met with strong buying pressure. These reversal days are helping keep the upward trend intact and a series of higher lows in place. Given how powerful these bullish reversal days have been their lows are important."
  • "At the current time, should the DAX take out the 2/22 low at 12283 it will be the first break of the bullish sequence, and a sign that the correction has ended. It should be noted that each new higher-low created along the way will become the new reference point. For example, if today the market were to rally back towards a new swing high from Monday, then today’s low would become the higher low to watch."

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Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

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Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After

  1. The main AscTrend thread is this one.
  2. Asctrend indicator in depth 
  3. ASCTREND SYSTEM summary (good EAs included) 
  4. Brainwashing system/AscTrend system (MT5) - the thread  


 

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Sergey Golubev, 2018.03.04 08:44

Weekly Fundamental Forecast for DAX Index (based on the article)

DAX Index

DAX Index - "There aren’t any ‘high’ impact data events scheduled for release this coming week, but on Thursday the ECB meets. Traders will be keying in on what could be next for the central bank and how the euro responds. Both the single-currency and DAX have been on the decline, so it is unclear how much impact a euro reaction may have."

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The chart was made on Metatrader 5 using HWAFM tool pattern tool from this post.


 

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Sergey Golubev, 2018.03.17 12:01

Weekly Fundamental Forecast for Dax Index (based on the article)

Dax Index

Dax Index - "In terms of ‘high’ impact data, there is only one release next week. The ZEW survey for both Germany and the Euro-zone will be released at 10 GMT time on Tuesday. Traders will continue to keep an eye on the euro, although right now with it largely range-bound its impact is likely to be minimal in the week ahead. Watch how U.S. markets react to the Fed on Wednesday, as a carry-over reaction could be seen on Thursday’s open. The DAX is in recovery mode, but the general price action isn’t very powerful on the upside. It is lagging U.S. markets by a solid margin and depending on how things shape up there and impact risk, the strength of the S&P 500 will play a big part in whether the German benchmark can continue to bounce. The DAX is still at risk of carving out a lower-high from the bounce in February, which could cause downside pressure to be reasserted again soon. If the U.S. maintains a bid, though, look for the DAX to continue limping higher."

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The chart was made on Metatrader 5 using HWAFM tool pattern tool from this post.


 

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Sergey Golubev, 2018.03.24 13:57

Weekly Fundamental Forecast for Dax Index (based on the article)

Dax Index

Dax Index - "Looking ahead to next week, the economic calendar holds one ‘high’ impact data event by way of German employment figures to be released on Thursday. Risk trends continue to be a dominant theme here for the benchmark, as Europe in general is quite weak relative to the U.S., which are now weakening as well. The DAX finally made good on the lower-high it formed earlier in the month, selling off aggressively towards the monthly low. The bearish channel is well intact and suggests we should expect rallies to fail from here. Keep an eye on the U.S. markets as risk trends become increasingly more important to the direction of global stock markets. If risk unravels the lower-side of the channel around 11650 is likely to offer little in the way of support."

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The chart was made on Metatrader 5 using HWAFM tool pattern tool from this post.


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