H1: Correction did not occur yesterday. DAX came near the daily zone of 10830 with large-bodied candles but it failed to reach it. Bulls picked up strength and DAX started to move upwards. It tested back the yesterday’s bottom.
Rise: Rising is expected with initial sights till the correction levels of 11450-10864 fall. All of these levels overlap technical zones so any of them can attract DAX. If 61.8% retrace breaks with a large-bodied candle DAX may increase till the main trend line.
Fall: If DAX continues falling without a correction initial target price is the next daily zone at 10830 then the H4 level of 10710. On the other hand, if the instrument corrects I draw a new Fibonacci Retracement from the bottom of 09/06/2015. In this case take profit levels will be 161.8% and 200% retrace.
H1: There was a correction yesterday what is more the 61.8% retrace of 11450-10864 fall (04/06/2015 high and 09/06/2015 low) was broken by a large-bodied candle. Although, it may indicate falling because it has a long upper shadow.
Rise: There is a possibility for rising too because dynamics are bullish but the main trend is still bearish. Initial target price is the H4 zone at 11435 then the daily level of 11620. The main trend line may stop this rise.
Fall: If the technical level of 11230 will be strong enough bears may take control. I expect falling till the bottom of 09/06/2015 first then till the 161.8% and the 200% retrace of 10878-11296 rise (09/06/2015 bottom and 10/06/2015 top).
H1: DAX has entered an area where even range can develop. It is above the correction levels although, the H4 zone of 11435 is a strong technical level. It may be difficult DAX to be able to overcome 11435.
Rise: DAX may continue rising as it reached the 100% retrace of 11450-10864 fall (04/06/2015 high and 09/06/2015 low). Target price is the next daily level of 11620 then 11770.
Fall: There is a possibility even for fall as DAX turned down from the H4 level of 11435 with a large-bodied candle and it moved back under the subtrend line. Initial target price is the bottom of 09/06/2015 then the 161.8% and the 200% retraces of 10878-11437 rise (09/06/2015 bottom and 11/06/2015 top).
H1: The main trend line was broken on Thursday but afternoon a large marubozu broke back this slanting resistance. On Friday the instrument reached the H4 level of 11080. DAX bounced up with an engulfing from this technical level which overlaps the 61.8% retrace of 10864-11453 rise (09/06/2015 low and 11/06/2015 high).
Rise: If the (white) correction trend line and the last top breaks over, it increases its odds of rise. Target price is 161.8% and 200% retrace of 11437-11078 fall (11/06/2015 top and 12/06/2015 bottom).
Fall: Falling may continue if the bottom of 12/06/2015 breaks. Take profit levels are 161.8% and 200% retraces of 10878-11437 rise (09/06/2015 bottom and 11/06/2015 top).
H1: The first candle broke the bottom of 12/06/2015 (11078) and the 61.8% retrace of 10864-11453 rise (09/06/2015 low and 11/06/2015 high) but the instrument was not able to draw strength from it and DAX aimlessly moved between two technical levels.
Rise: DAX may turn upwards if the bottom of 10878 will not break and the daily zone of 10970 is able to hold the price. Initial target price is the top of 11437 (11/06/2015) then 161.8% and 200% retrace levels of 11453-10972 fall (11/06/2015 top and 15/06/2015 bottom).
Fall: I expect falling in the longer term if DAX breaks the daily zone of 10970 and the bottom of 08/06/2015. Take profit levels are 161.8% and 200% retraces of 10878-11453 rise (09/06/2015 bottom and 13/06/2015 top).
H1: Range starts to form between the daily zones of 11435 and 10830 on this time frame. It’s true that the bottom of 09/06/2015 was broken by a few pips but DAX was unequal to break the daily zone. Dynamics are now rather bullish.
Rise: DAX rests at the 38.2% retrace of 11453-10797 fall (11/06/2015 high and 16/06/2015 low). It broke the subtrend line. I expect further rising till the 61.8% retrace. Next take profit level is the main trend line if DAX breaks the 61.8% retrace with a significant candlestick.
Fall: DAX may turn down from any of the retrace levels. As there was a correction I draw a new target Fibonacci Retracement. I expect falling until 161.8% and 200% of the rise 16/06/2015 bottom and top.
H1: DAX touched with two shadows the 50% retrace of 11453-10797 fall (11/06/2015 high and 16/06/2015 low) then it turned downwards with powerful dynamics. It bounced down from the daily level of 11080 which was touched again by DAX later. For the time being the subtrend line is holding the price which functions as a support line.
Rise: I do not expect upwards movement in the longer term. After reaching the yesterday’s top I would expect rising to near take profit level of 61.8% retrace of 11453-10797 fall (11/06/2015 high and 16/06/2015 low).
Fall: DAX is on the way to 161.8% and 200% retrace of the rise 16/06/2015 bottom and 17/06/2015 top. DAX may continue to fall which may be stopped by technical levels.
H1: Both of the take profit levels (61.8% retrace and the main trend line) were realized yesterday. DAX could not keep this level for long and it fell under 61.8% retrace at the end of the day. Local tops and bottoms are increasing on this time frame although, the price is under the main trend line so DAX may turn down from here.
Rise: I’m expecting DAX to move to the daily zone of 11435 if it can break the 61.8% retrace. Candle dynamics confirm rising.
Fall: DAX can easily bounce down from the daily level of 11170 which is overlapped by 61.8% retrace. Target price is the 161.8% and 200% retrace of 10832-11182 rise (16/06/2015 bottom and 18/06/2015 top).
H1: Swing tops and bottoms are increasing. DAX nearly reached the 200% retrace of 11084-10897 fall (17/06/2015 top and 18/06/2015 bottom) on Thursday. On Friday the instrument turned down from the main trend line and it fell till 50% retrace of 10804-11279 rise (18/06/2015 low and 19/06/2015 high).
Rise: Rising may continue if DAX could turn upwards from any of the correction levels. Initial target price is the main trend line but if it breaks with a large-bodied candlestick then DAX may increase till 161.8% and 200% retraces of 11237-11013 fall (19/06/2015 top and bottom).
Fall: Based on the H4 local tops and bottoms, the main trend is still bullish. At the main trend line we can see a beautiful downward bouncing. Initial target price is the white subtrend line but if DAX breaks this, falling may continue till 161.8% and 200% retraces of 10879-11237 rise (18/06/2015 top and 19/06/2015 bottom).
H1: Shortly after the morning opening the bearish trend line was broken and DAX reached the 161.8% retrace of 11237-11013 fall (19/06/2015 top and bottom). After this DAX bounced down with a doji with long upper shadow from the H4 level of 11435 which only came close to the 200% retrace. Not long after this bulls pushed up the price till 200% retrace and the daily zone of 11435 was broken.
Rise: Rising may continue even without a correction. Initial target price is the next daily zone of 11620 then 11770. If DAX start to correct, I would draw a new target Fibonacci Retracement.
Fall: For the time being I expect falling till the correction levels as the bearish trend line was broken on this time frame. If 61.8% retrace of 10996-11483 rise (19/06/2015 low and 22/06/2015 high) breaks with a large-bodied candlestick, next target price is the bottom of 11013.
H1: DAX increased without a correction yesterday and the initial target price 11620 was realized. DAX bounced down from this daily zone with an engulfing which indicates falling in the shorter term.
Rise: Rising may continue even without a correction. Initial target price is the next daily zone of 11770 then 11860. If DAX start to correct, I would draw a new target Fibonacci Retracement.
Fall: For the time being I expect falling till the correction levels as the bearish trend line was broken and swing highs and lows are increasing on this time frame. If 61.8% retrace of 10996-111635 rise (19/06/2015 low and 23/06/2015 high) breaks with a large-bodied candlestick, next target price is the bottom of 10996.
H1: The bearish trend line was broken on 22/06/2015 but DAX could not make the best of the power of the rise. Further inquiry about rising did not attract attention next day then DAX fell down on 29/06/2015. At the time it ranges between the daily zones of 11330 and 10970. Dynamics continuously changes. The instrument is moving towards the support.
Rise: DAX rests on the H4 zone of 11080 at the moment. If it is a strong support, DAX may turn upward from here. Target price is the resistance of the range then the height of the range (11500) if DAX breaks this resistance with a significant candle.
Fall: As the dynamics turned bearish and the range formed after decreasing tops and bottoms, I see bigger chance of falling. Target price is the support of the range then the height of the range (10725) if DAX breaks this support with a large-bodied candle.
H1: DAX ranged between the H1 level of 11240 and the D1 level of 10970 this week. It fell a bit on Friday as the dynamics turned bearish on Thursday. It nearly touched the support and the bullish trend line.
Rise: If ranging continues, DAX will reach the resistance of the channel soon. Candle dynamics turned bullish as well. After DAX breaks the resistance of 11240 with a significant candle, next take profit level is the height of the range (11500).
Fall: After breaking the support of the range next target price is the height of the range (10725).
H1: DAX nearly reached the height of the channel by the gap. In the morning DAX moved upwards with powerful dynamics but the daily zone of 10970 stopped the price. There are more levels in this area which overlap each other. This rise came near the 50% retrace of 11286-10744 fall (01/07/2015 high and 06/07/2015 low).
Rise: If DAX moves above 10970, initial target price is the resistance of the channel at 10250. This rise may be stopped by the H1 level of 11080 which overlaps the 61.8% retrace.
Fall: Take profit levels are 161.8% and 200% retrace of the yesterday’s rise if DAX continues falling. If the instrument continues to correct, I draw a new target Fibonacchi Retracement.
H1: DAX started to fall yesterday morning. It reached the 138.2% retrace of 10759-10969 rise ( 06/07/2015) then it bounced up. It broke the 61.8% retrace of 10995-10658 fall (06/07/2105 high and 07/07/2105 low) with a significant candlestick which indicates further increase.
Rise: If DAX continues rising, initial target price is 100% retrace at 10970 then further take profit levels are the H4 zones at 11080 and 11170.
Fall: If DAX turns down from here target price is 161,8% and 200% retrace of yesterday’s rise.
H1: DAX could not continue yesterday’s rising. It started with a gap in the morning then it tested back the former 38.2% retrace of 10995-10658 fall (06/07/2015 high and 07/07/2015 low) in a few hours. Afternoon it fell down and it tested back the H4 zone of 10700 third times.
Rise: It is right that dynamics started to turn bearish although, this level seems to be very strong so DAX may bounce up from here. Target price is the 100% retrace at 10970. Further take profit levels are the H4 zones of 11080 and 11170.
Fall: If DAX continues falling, target price is 161.8% and 200% retrace of Tuesday’s rise.
H1: DAX reached yesterday’s target price at 10970. The H4 level of 10700 seemed to be strong so DAX powerfully moved upward. Small tops started to increase and the downward trend line was broken. The former bullish trend line stopped the rise.
Rise: If DAX continues rising without a correction take profit levels are 11080 and 11170.
Fall: On this time frame I do not think of falling in the longer term. In case of a correction I expect DAX till the correction levels. If the 61.8% retrace of 10652-11033 rise (08/07/2015 low and 09/07/2015 high) breaks with a significant candlestick target price is the H4 level of 10700.
H1: The bearish trend line was broken on 09/07/2015. DAX reached the H4 level of 11390 in two days without any corrections. Local tops are increasing on this time frame. DAX may turn bullish in the longer term.
Rise: Rise may continue without a correction. Take profit level is the local top of 23/06/2015 at the daily zone of 11620. If the instrument starts to correct, I draw a target Fibonacci Retracement from the top of 10/07/2015.
Fall: In case of a correction I wait for falling till the correction levels of 10652-11401 (08/07/2015 bottom and 10/07/2015 top) rise.
H1: DAX continued rising without a correction yesterday. It is true that it started by a gap but it touched only the consolidation level of 23% retrace of 10652-11401 (08/07/2015 bottom and 10/07/2015 top) rise. DAX rushed in the first hour of the day then it calmed down at the H4 level of 11500 which is also a strong H1 technical zone.
Rise: If rising continues again without a correction I expect DAX till the swing high of 23/06/2015 at the daily level of 11620. Breaking this level may bring increase on the longer term.
Fall: If DAX bounce down from this level I wait for falling till the correction levels of 10652-11512 (08/07/2015 bottom and 13/07/2015 top) rise.
H1: DAX continued rising without a correction although it started to be flat. Candle bodies became smaller and smaller. Candles with long upper shadows have formed which indicate falling in the shorter term.
Rise: If EURUSD starts to move upwards without a correction, target price is the top of 23/07/2015. If EURUSD began to correct, take profit levels are the correction zones of 10652-11546 rise.
Fall: If DAX bounce down from this level I wait for falling till the correction levels of 10652-11546 (08/07/2015 bottom and 14/07/2015 top) rise.
