DAX 30 technical analysis

[Evgenia Gencheva]

Based on weekly chart of DAX, there is still small possibility for test to the middle Bollinger band - 10500. DAX is stable over the PP, so according to the trend DAX goes to 61.8% - 10980.  
By the way - Happy Birthday to WTICRUDEOIL, I saw before minutes, that he has birthday today.

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[Raveendrans]

Thanks Eve, ur analysis always helped me.

[namavi]

thank you Eve , i'm begINNING to use this forum .I was waiting for it .Thank you again

[Evgenia Gencheva]

I'm happy to see you here guys. In some of the next days I will think about paid advert for this forum, but at the moment I want to finish with some publications, logo and then I can think for popularization.

[Shaikh]

I am going to take short position on dow jones, Dax and nasdaq

[Shaikh]

I am going to take short position on dow jones, Dax and nasdaq

[oficertito]

hi all how far down dax will go down now?10480 or lower before it will jump up? anyway thanks for your analysis Eve it was a interesting day.

[Evgenia Gencheva]

DAX is in consolidation on small charts, before to stand over the last resistance of downward channel. From last week we saw breakout and pull back on this diagonal resistance, today second breakthrough, so in next days I expect breakout of 10730. Major resistance points before 10980 level and over 10730 are 10830, 10930.

https://i.servimg.com/u/f97/19/53/74/92/forex138.png



https://i.servimg.com/u/f97/19/53/74/92/forex140.png

[Evgenia Gencheva]

DAX already is over last diagonal resistance - bearish and below resistance of other diagonal resistance - bullish. In this case we'll see bullish expanding triangle based on weekly and daily charts. Progress of this triangle in uptrend will be in 3 moving waves 10730 - 10830 - 10930, which we'll see clear on daily chart.

https://i.servimg.com/u/f97/19/53/74/92/forex148.png

[Evgenia Gencheva]

https://i.servimg.com/u/f97/19/53/74/92/forex156.png

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