Frankfurt Index tomorrow forecast stock market signals next months By Francesco Massetti Posted on 15 October 2024 Condividi su Facebook Condividi su Twitter Condiviso su Google+ Condiviso su Pinterest Condiviso su Linkedin Condiviso su Tumblr Frankfurt Index tomorrow Frankfurt Index tomorrow Frankfurt Index forecasts for the end of 2024 Frankfurt Index trend and forecast with stock market signals in the short and long term using WD Gann economic cycles. Historical chart Dax Index with weekly technical section Weekly Dax Index Dax Index Short Forecast Since the expiration of the Minimum Square in the week of 17 May 2024, the German stock market has generated a new negative sideways directional phase, which peaked during the week of 09 August. As can be seen from the technical chart just above, from the end of 2023 onwards, the trend of the Frankfurt Index had robust positive returns, which brought the prices up to a high of 18,892 points. The price dynamics changed right at the expiry of the weekly set-up on 17 May. The new corrective trend, had its low in the week of 09 August last, on the ascending 1X4 corner, drawn in purple and on the static octave supports at 17,024 points. Subsequently, a new upward phase was generated, confirmed by the subsequent Minimum Square of 16 August 2024. The new progressive push led the quotations to break the top of 17 May last, reaching new static resistances in the 19,300 points area. The last weekly set up coincided with the week of 04 October 2024. In this period as in the following week of 11 October, the price dynamics ended on the inside, i.e. within the candle of 27 September. This compression area will generate a new progressive push that will have as further targets the area 19,770; 19,870 points. Conversely, a return below 18,650 will generate a new negative sideways trend, which will have 18,700 as its first support. The next time cycle to be observed will expire in the week of 25 October. German stock exchange trend analysis in the coming months Monthly Dax Index The medium-term trend of the Dax Index is well described by the bullish corridor consisting of the 1X2 ascending vectors irradiated in yellow in the picture above. In particular, in the months between March and August 2024 we observed the generation of a sideways phase at the price/time value indicated by the 1X2 angle which constitutes the upper partial of the channel. Over the course of a decade, this 1X2 angle had generated enough powerful resistance to trigger strong down-trends. For the fourth time the German market returned to this price-time ratio level and this time it managed to break it to the upside, thanks to the monthly set-up last August. The double Minimum Square that expired in August in fact generated a bullish out-side, which was also confirmed in September. The positive trend will have its next obstacles in the 20,130-20,200 point area. Only a return below 18,170 will indicate a strong slowdown and a possible reversal of the trend: supports in the 18,790 area. Dax 30 long-term technical analysis Quarterly Dax Index In the long-term dynamics, the bullish breach of the median vector relative to the bullish channel of the past decade is best observed. This positive breach occurred in the first quarter of 2024. The next quarterly set-up coincides with the last quarter of 2024. Next resistances in the area 20,750; 21,450 points. The short-term and long-term technical picture of the German stock exchange was described using the Gann technique and the Top Trader(c) stock exchange software.
