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).
DAX nearly reached the height of the channel by the gap
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.
H1: Practically nothing particular happened yesterday. DAX ranged all day. Candle dynamics turned bearish at the end of the day but bulls pushed up the price from the H4 level of 11500 in the last hour. On this time frame I see the chance of a further fall.
Rise: If bulls take charge, near take profit level is the top of 23/06/2015 at 11620. Breaking this level may occur upward trend in the longer term.
Fall: If DAX bounce down from this level, initial take profit levels is the correction zones (08/07/2015 low and 15/07/2015 high). If 61.8% retrace breaks by a large-bodied candlestick, target price is the bottom of 08/07/2015.
H1: DAX broke the daily zone of 11620 yesterday. It opened with a relatively big gap and it continued moving upward from this level. It reached the daily level of 11770 with strong bullish dynamics but bears suddenly pulled it back in the next hour.
Rise: If DAX starts to move upwards without a correction, target price is the next H4 zone of 11855 and 11920. If the instrument began to correct, take profit levels are the correction zones of 10652-11789.5 rise.
Fall: If DAX bounce down from this level I wait for falling till the correction levels of 10652-11789.5 (08/07/2015 bottom and 16/07/2015 top) rise. If the 61.8% retrace breaks with a significant candlestick target price is the bottom of 08/07/2015.
H1: An engulfing formed on DAX on Frideay's morning. The instrument turns down a second time from the daily level of 11770 which indicates fall. This has not happened on Friday yet. The market became flat. It run out of energy.
Rise: If bulls picks up strength this weekend DAX may continue rising without a correction. Target price is the H4 zones of 11855 and 11920. If the instrument began to correct, take profit levels are the 161.8% and 200% retrace of the correction.
Fall: If DAX bounces down from this level I wait for falling till the correction levels of 10652-11789.5 (08/07/2015 bottom and 16/07/2015 top) rise. If the 61.8% retrace breaks with a significant candlestick target price is the bottom of 08/07/2015.
H1: DAX is ranging on the zone of 11770. Small highs and lows are increasing although, this happens with weak energy. Soon a correction is likely to happen.
Rise: If bulls picks up strength DAX may continue rising without a correction. Take profit is the H4 zones of 11855 and 11920. If the instrument corrects, take profit levels are the 161.8% and 200% retrace of the correction.
Fall: If DAX bounces down from the level of 11770 I wait for falling till the correction levels of 10652-11804 (08/07/2015 bottom and 20/07/2015 top) rise. If the 61.8% retrace breaks with a significant candlestick target price is the bottom of 08/07/2015.
H1: DAX started to correct but it have not reached the correction levels yet. At the meantime it rests between the daily zone of 11620 and the 23.6% retrace of 10652-11804 rise (08/07/2015 low and 20/07/2015 high).
Rise: If DAX is able to continue increasing then next take profit levels are the top of 20/07/2015 at 11770 and the H4 zone of 11855.
Fall: If DAX continues falling, target price is the correction levels (08/07/2015 low and 20/07/2015 high). If the 61.8% retrace breaks with a significant candlestick target price is the bottom of 08/07/2015.
H1: DAX reached the 23.6% retrace of 10652-11804 rise (08/07/2015 low and 20/07/2015 high) with a large-bodied candlestick. Bulls pushed back the price in the next hour and an engulfing candle formed. Candle dynamics became weak in the rest of the day.
Rise: As dynamics are rather bullish rise may happen today. Target price is the top of 20/07/2015 at 11770 then the next H4 zone of 11855.
Fall: If DAX continues falling target price is the correction levels (08/07/2015 low and 20/07/2015 high). If the 61.8% retrace breaks with a significant candlestick target price is the bottom of 08/07/2015.
Wednesday’s bullish candle dynamics brought rise in the shorter term
H1: Wednesday’s bullish candle dynamics brought rise in the shorter term yesterday. After this, DAX confusedly started moving downwards. At the meantime it rests halfway between two H4 levels (11500 and 11390). Dynamics are rather bearish.
Rise: I do not think of increasing in the longer term. Backtest may happen till the zones of 11500 and 11620.
Fall: As dynamics are rather bearish I see the chance of falling. Target price is the correction levels (08/07/2015 low and 20/07/2015 high). If the 61.8% retrace breaks with a significant candlestick target price is the bottom of 08/07/2015.
In the morning DAX tested back the consolidation level of 23.6% retrace
H1: In the morning DAX tested back the consolidation level of 23.6% retrace (10652-11804) then it corrected in the second half of the day. Now the instrument rests between two correction levels (38.2% and 50%) on the daily zone of 11300.
Rise: Bearish candle dynamics have decreased. DAX may turn upwards on Monday. In the longer term take profit levels are 161.8% and 200% retrace of 11795 and 11288 (20/07/2015 top and 24/07/2015 bottom) fall. In the shorter term target price are the Friday’s top and the top of 20/07/2015.
Fall: If DAX continues falling take profit levels are the 50% and the 61.8% retrace of 10652-11804 rise. In the longer term target price is the bottom of 08/07/2015 if DAX breaks the 61.8% retrace with a significant candlestick.
H1: DAX reached the 61.8% retrace of 10652-11804 (08/07/2015 low and 20/07/2015 high) rise with shadows in the middle of the day. Later DAX decreased a bit but only small-bodied candles formed.
Rise: As candle dynamics became weak in bearish direction and the 61.8% retrace was not broken by a significant candlestick, turning upwards may happen today. Target price is the 161.8% and 200% retrace of 10652-11041 fall in the longer term. In the shorter term, take profit levels are the H4 level of 11500 and the top of 20/07/2015.
Fall: If DAX continues falling, target price is the bottom of 08/07/2015 but first it may test back the H4 zone of 11170.
In the morning DAX started moving upwards with powerful candle dynamics
H1: In the morning DAX started moving upwards with powerful candle dynamics then as it reached the 50% retrace of 10652-11804 (08/07/2015 low and 20/07/2015 high) rise, it bounced down. After testing back the 61.8% retrace DAX bounced up from this level.
Rise: As candle dynamics decreased and the instrument bounced up from the 61.8% retrace with a doji with long lower shadow I see a chance of rising. Initial target price is the H4 zone of 11500 and the top of 20/07/2015. In the longer term take profit levels are the 161.8% and 200% retraces of 10652-11041 fall.
Fall: If DAX continues falling, target price is the Friday’s bottom then the local bottom of 08/07/2015 in the longer term.
H1: Uncertainty is visible on this time frame as well. DAX reached again the 50% retrace of 10652-11804 (08/07/2015 low and 20/07/2015 high) rise but it bounced down with an engulfing candlestick. After this powerful movement the market went flat.
Rise: As small tops and bottoms are increasing, further rise may happen today. Initial target price is the H4 zone of 11500 and the top of 20/07/2015. In the longer term take profit levels are the 161.8% and 200% retraces of 11795-11041 fall.
Fall: If DAX turns down from this level, target price is the Monday's bottom then the local bottom of 08/07/2015 in the longer term.
