Dax

[FTSE Beater]

Hi All

A few people have asked about the Dax and it is something that I've looked at a few times. Here is how I look at the current chart.

I see it as a solid consolidation pattern. 3300 seems to be the critical level, as the sharp fall this month has been stopped by this level.

I wouldn't like to say which way it was going to break though.
Maybe it's waiting for the US to open today

[fabrizio]

Here below some operative thought on DAX & BUND

[fabrizio]

An exception that confirm what stated in the prior post:

The below chart shows How I was suggested to read the market in the morning.




ES was negative by the time of the DAX opening

[FTSE Beater]

Bund Market

Hi All

Here's the BUND a few days on from Fabrizio's post



I love seeing FIB levels working and it was great to see a nice bounce off the 62% Fib retracement.
It didn't last very long though, and we're now into a form of descending triangle.

With the stock markets looking ever stronger it seems the fall can continue

[fabrizio]

[fabrizio]

[FTSE Beater]

Hi fabrizio

I hope you don't mind, but I amended your post to show the charts instead of the links.

There is also a nice Head & Shoulders pattern that is coming to completion. Also a Dead Man's Knock on the trendline

[fabrizio]

Hi FTSE

Of course I do not mind.

Thanks for your interest and for the spotted nice H&S in formation

Ciao