Germany DAX Index
The DAX respected resistance at 5000 before testing support at 4700 — not surprising after a 3.8 percent quarter/quarter contraction in GDP. Breakout from the trend channel would warn of a down-swing to test primary support at 3600. Twiggs Money Flow (21-Day) reversal below zero would confirm. Respect of support at 4700 is now unlikely, but would signal continuation of the bear rally.
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Germany DAX Index
The DAX shows a similar bearish divergence on Twiggs Money Flow (21-Day) and breakout below its trend channel — warning of a down-swing to test primary support at 3600.
Europe Germany DAX Index...
The DAX threatens a head and shoulders reversal after breakout below its trend channel. Failure of support at 4650 would confirm a down-swing to test primary support at 3600. Bearish divergence on Twiggs Money Flow (both 21-Day and 13-week) warns of strong selling pressure.
Europe: DAX
DAX breakout above 4900 indicates the end of the correction — and breakout above 5150 would confirm a primary up-trend with a target of 5750. Twiggs Money Flow (21-Day) remains weak, however, and respect of resistance would indicate another test of primary support at 4500 [orange].
Germany: DAX
The DAX broke out above 5150, signaling a primary advance with a target of 5800*.
* Target calculation: 5150 + ( 5150 - 4500 ) = 5800
Hi traders,
My 2 cents about DAX Xetra
Germany: DAX...
The DAX is headed for a test of primary support at 5700. Declining Twiggs Money Flow (13-week) below zero signals selling pressure. Bearish divergence on 63-day Twiggs Momentum Oscillator also warns of reversal to a primary downtrend. Penetration of support at 5700 would confirm.
Target calculation: 5700 - ( 6350 - 5700 ) = 5050
Germany: DAX
The DAX rallied off support at 5900, headed for a test of resistance at 6350. Breakout would signal a fresh primary advance. Twiggs Money Flow (13-week) recovery above zero would strengthen the signal.
Target calculation: 6300 + ( 6300 - 5700 ) = 6900
Germany: DAX...
The DAX is headed for a test of resistance at 6350. Breakout would signal a primary advance to 6900*. Twiggs Money Flow (13-week) recovery above zero indicates buying pressure. Bearish divergence on 63-day Twiggs Momentum, however, warns of a down-trend; reversal below zero would strengthen the signal.
Target calculation: 6300 + ( 6300 - 5700 ) = 6900
Germany: DAX...
The DAX is retracing to test the rising trendline and support at 5900. Failure would confirm the bearish divergences on Twiggs Money Flow (13-week) and 63-day Twiggs Momentum. Breakout above resistance at 6350 is unlikely at present, but would signal a primary advance to 6900*.
Target calculation: 6300 + ( 6300 - 5700 ) = 6900
Germany: DAX...
The DAX is consolidating below resistance at 6300/6350. Breakout would signal an advance to 6900*, but bearish divergences on Twiggs Money Flow (13-week) and 63-day Twiggs Momentum warn of selling pressure.
Target calculation: 6300 + ( 6300 - 5700 ) = 6900
Germany: DAX...
The DAX is in a primary advance with a target of 7000*. Expect retracement, but a Twiggs Momentum (21-day) trough that respects the zero line would confirm the strong up-trend.
* Target calculation: 6350 + ( 6350 - 5700 ) = 7000
Germany DAX Index
Germany...
The DAX is testing resistance at 7100. Upward breakout would indicate an advance to 7450*. A 13-week Twiggs Money Flow trough high above zero indicates strong buying pressure. The ascending broadening wedge pattern is bearish, however, and downward breakout would signal retracement to 6550.
* Target calculation: 7000 + ( 7000 - 6550 ) = 7450
Germany DAX Index...
The DAX continues upward in a bearish ascending broadening wedge pattern; downward breakout would signal retracement to 6550. The bearish divergence on 13-week Twiggs Money Flow is now negated.
Germany DAX Index...
The DAX continues its strong rally. The bearish ascending broadening wedge pattern warns of a downward breakout and retracement to 6550, but bullish troughs high above zero on 13-week Twiggs Money Flow counter this — signaling strong buying pressure.
Germany DAX Index...
The DAX continues its strong rally. The bearish ascending broadening wedge pattern favors a downward breakout and retracement to 6550, but a further strong rise, high above zero, on 13-week Twiggs Money Flow makes this unlikely.
Germany DAX Index...
The DAX is testing support at 7000. Failure would breach both the rising (green) trendline and the lower border of the bearish ascending broadening wedge pattern, warning of a correction. Twiggs Money Flow (13-week), however, remains positive.
Germany DAX Index...
The DAX is testing the rising green trendline. Penetration would warn of a correction. Failure of support at 7000 would strengthen the signal.
Germany...
The DAX rallied strongly off support at 6550, but 21-day Twiggs Money Flow below zero continues to warn of medium-term selling pressure.