German Dax 30 - a wider look

Hi all,
first a longer term look to understand the big picture.
On a weekly chart, very bullish bias, retrace respect 0.886 fibo extension,
DAX like to respect this level ...
i will expect a bear party soon, before the bulls will take over.
for a short entry watch the 12000 area might be sooner then later.

I will update the chart on a weekly basis

Commento:

Hi all - daxi continue to respect the 0.886 fibo, as mention erliar.
continue to rise up

Commento:

which might get us to the 0.886 target around 11990 + -

Commento:

Daxi Respect 0.886 again. nice.
pullback soon expected to 11900 area as a start

s3.amazonaws.com/tra...shots/e/EwCMavef.png

Commento:

Dax continue to rise hitting the top target, we will watch to catch any pullback

Commento:

Good morning
Dax continue the bearish momentum, But not for long, as i expect the rally in US market to resume.
for now respecting, once again, 0.886 fib retrace will be great, might turn up before
good luck !