DAX 30 - Oct 28, 2016

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DAX 30 - Oct 28, 2016

Post by Evgenia Gencheva on Thu Oct 27, 2016 11:03 pm

For tomorrow (Oct 28, 2016), I expect for DAX range between 10686 - 10815. Test support below 10700 is important, because DAX is under rejection of 25% between 38.2% - 50%; cross ema 50, 100 H1. But in the same time we have very good indications for breakthrough of 10800 - higher bottoms and open upper bb, breakthrough of the pp of this wave even breakthrough of 61.8%.

https://i97.servimg.com/u/f97/19/53/74/92/forex191.png



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Re: DAX 30 - Oct 28, 2016

Post by Evgenia Gencheva on Fri Oct 28, 2016 10:59 am

DAX, broke diagonal support, previous resistance. But DAX is over support of the pp of wave 12400 - 8700; ema 50 daily. Technically after this breakthrough we'll see rebound. To the end of EU session today, there is posibility for 100% recovery of the losses from this morning for DAX.
For the US indices I see clear indications for begining of monthly correction. This can be reason and for corrective wave for DAX, but based on bigger charts.

https://i97.servimg.com/u/f97/19/53/74/92/forex193.png



https://i97.servimg.com/u/f97/19/53/74/92/forex195.png

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Re: DAX 30 - Oct 28, 2016

Post by Evgenia Gencheva on Fri Oct 28, 2016 11:18 am

But US indices can't recover too much, because of the beginning of monthly correction. For Nasdaq 100, I expect for today recovery to 4830.

https://i97.servimg.com/u/f97/19/53/74/92/forex197.png

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Re: DAX 30 - Oct 28, 2016

Post by Evgenia Gencheva on Fri Oct 28, 2016 2:10 pm

DAX is 100% recovered, already, but 10815 still is far after the drop this morning. However, DAX broke already 10700, so there is no problem to close today over 10770, my expectation.

https://i97.servimg.com/u/f97/19/53/74/92/forex201.png

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