DAX bullish until 2017
For this projection i used a long term Fib from previous bottom in 2009. (black - bleu Fib)
Dax is trading in a range of 300 points between 12100 -11800 for the last 2 weeks.
There is still room for the DAX, this month, to go higher.12300-12500 could be hit end of April.(1.382Fib and inner upper yellow trendline also the green zone) Dax will stay in the green zone this month.
A significant reversal from 12442 could take place in May next month.Target 11200 - 11000. (0.5 -0.382 Red 2015 Fib) If it breaks the Green SR line next will be the Red SR line and finaly to the lower yellow line.
After this reversal go long for TP 13000 - 14000 (1.5 Bleu Fib).Final run up.
15k - 16k will be hit next year if no major event takes place.Dax will stay below the UPPER Yellow Line.
A possible strategy here will be SHORT untill 11200 and LONG from there to 13K-14K.Risk/reward ratio of 3%
15000 will be hit next year if no major event takes place.
Dax is trading in a range of 300 points between 12100 -11800 for the last 2 weeks.
There is still room for the DAX, this month, to go higher.12300-12500 could be hit end of April.(1.382Fib and inner upper yellow trendline also the green zone) Dax will stay in the green zone this month.
A significant reversal from 12442 could take place in May next month.Target 11200 - 11000. (0.5 -0.382 Red 2015 Fib) If it breaks the Green SR line next will be the Red SR line and finaly to the lower yellow line.
After this reversal go long for TP 13000 - 14000 (1.5 Bleu Fib).Final run up.
15k - 16k will be hit next year if no major event takes place.Dax will stay below the UPPER Yellow Line.
A possible strategy here will be SHORT untill 11200 and LONG from there to 13K-14K.Risk/reward ratio of 3%
15000 will be hit next year if no major event takes place.