Intra-day Technical Analysis - DAX Index: Bearish Breakdown
is breaking 200 period SMA to below for the breakdown with the bearish reversal. Key support level at 9583 is going to be broken for the bearish breakdown to be continuing with 9326 next target to re-enter.
SUMMARY : correction to the bearish reversal
By the way, the long-term situation for DAX Index is the following: secondary ranging within the bullish market condition -
And the key bearish reversal level is 9,233. It means - if weekly close price breaks this level to below so we may see the global long-term bearish situation for DAX Index.
DAX Index Pivot Points Analysis - bearish ranging within Central Yearly Pivot and the First Support Pivot level
W1 price is located to be below yearly Central Pivot at 10,807 and above S1 Pivot at 9,190:
Forecast for Tomorrow - levels for DAX Index
DAX Index: ranging within key narrow level for the bullish trend to be continuing or to the secondary correction to be started. Intra-day H4 price was on bullish breakout: the price crossed Ichimoku cloud to above for the bullish reversal with 10,148 resistance level to be testing for the bullish trend to be continuing. Thus, there are 2 main scenario for the price movement for the week:
Chinkou Span indicator is located above the price indicating the ranging market condition in the near future, and Absolute Strength indicator is estimating the ranging condition with possible correction to be started.
Dax 30 Technical Forecast for May, 2016: bullish ranging reversal
Weekly price is on bearish market condition located below Ichimoku cloud: the price is on ranging within 10,519 resistance and 9,328 support levels with the secondary rally ro be started in the middle of April this year by testing 10,519 level to above with the possible bullish ranging reversal to be started. Chinkou Span line is breaking the price to above on ranging way indicating the ranging bullish reversal, and Absolute Strength indicator is estimating the bullish trend in the near future.
If W1 price will break 10,519 resistance level to above so we may see the reversal to the primary bullish
condition with the secondary ranging (the price will be inside Ichimoku cloud/kumo in this case)If not so the price will be ranging within the levels
Thus, there are two main scenario for the price movement in May:
Quick Technical Overview - DAX Index: secondary correction within the primary bullish; waiting for breakdown
Daily price is on secondary correction within the primary bullish market condition: the price was started with the local downtrend in the end of April this year.
If daily price will break 10,055.8
support level on close bar so the secondary correction will be
continuing.If not so the price will be on ranging bullish condition within the levels.
DAX Index Technical Analysis for a week: waiting to break the levels
is located between SMA with period 100 (100 SMA) and SMA with the period
200 (200 SMA) for the ranging market condition waiting for the direction for the possible breakout or
breakdown. The price is on bearish ranging to be near and below 200 SMA to be ready to be reversed to the primary bullish condition or for the primary bearish trend to be continuing without secondary ranging.
SUMMARY : ranging
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Sergey Golubev, 2016.05.11 13:09
DAX Index Intra-Day Technical Analysis: the trend would no
longer be bullish (based on the article)
H4 price is on ranging movement from 100 SMA to 200 SMA with 9960.3 support level to be crossed to below for the reversal of the price movement from the ranging bullish to the primary bearish market condition with 9736.8 nearest bearish target.
DAX Index: End Of Week Technicals - daily ranging for direction
This trading week ended with some results and setups - daily ranging within 100 SMA/200 SMA waiting for direction, and ranging bearish market condition------------------DAX Index
D1 price is on secondary ranging within 7-day high/low for the waiting for the dierection of the trend: the price is is located to be between 100 SMA and 200 SMA within 10,085.8 resistance and 9,762.4 support levels.
If not so the price will be on ranging for direction.
SUMMARY : waiting for direction
DAX Index Technical Analysis 2016, 29.05 - 05.06: daily bullish breakout
Daily price is located above Ichimoku cloud for the bullish market condition: the price is breaking key support level at 10,304.7 together with ascending triangle pattern to above for the breakout within the primary bullish trend with 10,437.8 resistance as the next target to re-enter. Chinkou Span line broke the price to above for the breakout to be started, and Absolute Strength indicator is estimating the bullish condition in the near future.
If D1 price will break 9,736.8
support level on close bar so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started.If D1 price will break 10,304.7
resistance level on close daily bar from below to above so the bullish breakout will be continuing with 10,437.8 level as a target to re-enter.If not so the price will be on ranging within the levels.
SUMMARY : breakout
Sergey Golubev, 2016.06.07 16:57
Intra-day Technical Analysis - DAX Index: bullish ranging within 20-day high resistance and bearish reversal support (based on the article)
is on primary bullish market condition for the ranging within the following support/resistance levels:
"The 10100/00 area the market is springing to life
from holds critical if a higher low is to carve itself out. This area
has been in play since early March and continues to be important. A
strong showing today (it’s very early, but off to a good start) and
break above the Friday high will go a long way towards building the
bullish case for a break above the recent swing high at 10374 (5/31).
The higher low, higher high sequence from late May should then continue
to further itself up to the 4/21 high at 10486 and then possibly to a
new high 2016 high, reaching the trend-line running off the 2015 record