Please use XETRA for this analysis for active trading hours only.
In this analysis we are looking at a radius vector rotating about the pivot O and creating three magnitudes OA, OB and OC in successive geometric ratios of PHI.
OA = 1272.85 pts / 72 hrs = 146.24 units
OB = 1228.17 pts / 198 hrs = 232.99 units
OC = 658.41 pts / 374 hrs = 379.751 units
(price scale = Price * 1/10)
Current active support is the 374 hours low from the pivot defining the 379.751 magnitude.
The range for the containment perimeter is a 128.8 X 288 rectangle being 1 X 2.236
Median line = 15646.19 level
For price to reach the 0.382 level (15494.206) of the containment range it has to beat the 374 hours low at 15629.86.
A sustained price action below this level will see further fall in DAX medium term trend.
Use reasonable stop, trade with care.
In this analysis we are looking at a radius vector rotating about the pivot O and creating three magnitudes OA, OB and OC in successive geometric ratios of PHI.
OA = 1272.85 pts / 72 hrs = 146.24 units
OB = 1228.17 pts / 198 hrs = 232.99 units
OC = 658.41 pts / 374 hrs = 379.751 units
(price scale = Price * 1/10)
Current active support is the 374 hours low from the pivot defining the 379.751 magnitude.
The range for the containment perimeter is a 128.8 X 288 rectangle being 1 X 2.236
Median line = 15646.19 level
For price to reach the 0.382 level (15494.206) of the containment range it has to beat the 374 hours low at 15629.86.
A sustained price action below this level will see further fall in DAX medium term trend.
Use reasonable stop, trade with care.