Stock Market Dax Index short and medium term forecasts

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Stock Market Dax Index short and medium term forecasts

Stock Market Dax Index forecasts using the time cycles of the economist W.D. Gann.

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Dax Index october 2019

German Stock Market short-term forecasts

Since January 2019 Dax Index has established a new medium and long term bullish phase.

The 1X2 and 1X4 descending angular resistances (shown on the slide with the yellow and blue vectors) have partially halted the rise of the trend, creating a phase of side-ways between May and October 2019.

More specifically, the weeks of May 3rd, July 5th and September 13th has constituted a triple weekly top in conjunction with the 1X4 angular resistances with origin the top of January 26th 2018.

The correction of August was blocked by the ascending angular dynamic supports (also blue in the slide). In fact, it is precisely from the week of August 16th that Dax Index trend has resumed the medium and short term positive phase with greater force.

The last weekly Set Up was expired October 18th (Minimum Square and 90 weeks Square), in this period the swing chart has turned positively. The bullish break of 12,535 has indicated the continuation of the driving force until the next weekly time cycle in November.

Upcoming static resistances at 13,200; 13435.

The next important weekly Set Up is November 15th. More time signals converge this week compared to the other weeks of this month. Also the other weeks of November involve cyclical deadlines such as November 1st and 8th but less relevant.

Therefore November seems to be characterized by more ‘competing forces’ not necessarily convergent in the same directionality. So it is fundamental the short-term operativity obtained with a Hedging strategy through Put options.

Dax Index medium term technical analysis

The contrasted phase of the German market can also be observed in the monthly time frame for the whole period between April 2019 and September 2019.

In this time frame the prices have been fluctuating, limited by 1X4 descending angular resistances and 1X2 ascending resistances. This latter are the basis of the ascending corridor of Dax Index.

The last time cycle expiring in October has pushed the exchanges to exit the lateral area to enter a new positive phase in the medium term.

Dax index report was carried out using Top Trader free software©.