DAX BANKS in MARKET ABYSS…

DAX Banks    –    Today on ATA Research Radar 

 

ATA Following …

9.05.2019 – DAX – FIGHTING in MASTER EQUATOR 12.000…

&

12.05.2019 –  DEUTSCHE BANK – RESCUE MERGER MIRAGE…

 

12 Years after  All Time High…

from May – June 2007

May Close 702.57& June High 710.50 

to December 2018 -May 2019

December 2018 Low 62.34  & May 2019 Low 70.50

DAX Banks Index

is still under pressure of

Mega Destructive Bear Market…

 

DAX banks

 

Present  DAX Banks Index  Situation 

ATA MIND OVER MARKETS

ATA MARKET MODEL : 

First…Market Motive…

Second…Market Technical  Pattern…

 

Active Motives 

Global & EUROZONE  Slowdown  & Risks 

European Political Risk  

European Parliament Election – May 2019

ECB Monetary Policy

EU Cuts GDP Forecast 2019 – Warning of Euro-Area Risks

with

TRUMP Trade War

&

Deutsche Bank  Financial Problem 

 

Main Technical Patterns

Mega Long Term Ending Diagonal 

starting from 2010 Year

&

Long Term Ending Diagonal 

starting from 2015 Year

with

Master Low  71.62  & Close 80.93  September 2016 

&

MACD Monthly 

Active Sell Signal  vs  near to generates  Buy Signal 

with

Long Term Positive Divergence from 2011 Year 

 

 

ATA   DAX  Present Investment Conclusion

Special  Focus on

Present Range  

December 2018 Low Zone  62 -65

vs

September 2016 Resistance Zone  71 – 81

with

Master Psychological Key Levels 

60  vs  80  Zone 

 

Real Positive Scenario

Back above September low 71.62 

that will activate

Invert 2B Pattern 

so Now

German Banks need the Power RISK ON Trigger…!!!

 

Top of the Trigger List :

European Election 

with

ECB Monetary Policy Decisions 

 

 

of course

Most Important is Final Smart Money Reaction…

First…EOD-s

Second…EOW-s

Final…EOM – Key Month May

 

 

DAX Banks Index Monthly Charts :

10.05.2019

DAX Banks - M - Line

DAX Banks - M - Line - Focus

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