Germany DAX Index

[setravis]

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.

[setravis]

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.

[setravis]

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.

[setravis]

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].

[setravis]

Germany: DAX
The DAX broke out above 5150, signaling a primary advance with a target of 5800*.

* Target calculation: 5150 + ( 5150 - 4500 ) = 5800

[Carlos Júlio]

Hi traders,
My 2 cents about DAX Xetra

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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.

[setravis]

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.