Thanks for all the Likes and my first Great Analysis's!! Cool feature. Bonus chart below. A good general indicator of European market sentiment, bearish across the board.
The DAX has been completing its 2nd DCB since the earlier correction with a break below support at 11870, however yet without conviction. Weekly momentum remains INCREASINGLY BEARISH since late-Q4, with movement since mid-Q1. Next area of support is the 38.2Fib retracement near the 11720's. A probable move lower from here over the next several weeks.. IMHO.
The MACD formed a bearish down-cross during late-Q4, with the histogram under negative expansion since mid-Q1. Histogram had a break below supports and probably move lower from here. The Stochastic has been forming bearish lower-highs since late-Q4, entering overbought conditions. Also like pretty much all indices charts this week - descent steepened further away from the TL.
Commentary is in my opinion only.
- Forums
- ASX - By Stock
- XJO
- XJO Weekend Charting and Chat - 23rd March 2018
XJO Weekend Charting and Chat - 23rd March 2018, page-18
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,214.5 |
Change
-8.500(0.10%) |
Mkt cap ! n/a |
Open | High | Low |
8,223.0 | 8,228.3 | 8,200.0 |
Featured News
XJO (ASX) Chart |