1. Sell Fractals in effect (red on chart).
2. jaws CLOSED in tandem with sell Fractals. sleeping for now. THIS IS YOUR DIRECTIONAL COMPASS.
3. (under chart) is well above the 38.2 shaded area. This indicates a ZERO trend and, at best, sloppy action with a downward bias.
4. Phase energy (lower top indicator) is below the zero line. Note downward trend.
5. MACD-top indicator-is . NEW NEGATIVE CROSS. This is a sell signal.
6. Prices are trading into the . This is a sell signal.
8. Prices are trading below the Ki jun-Sen baseline of the . This is a sell signal.
9. Prices are trading below the thick red conversion line. This is a sell signal.
9. The red conversion line direction is heading lower. This is a sell signal.
10. The Ki jun-Sen baseline of the direction is heading lower. This is a sell signal.
11. The CHOP ZONE indicator (under chart) is red, indicating a down trend.
12. The middle top indicator is a forward projection for 9 days of the conversion line. Readings below the zero line are negative.
The-DAX bounced off of its 233 day moving average (233 is a Fibonacci number). This is an action/ inflection point.
EWG-the I-Shares for the-DAX, has been unable to get above $27.60. There were three failures at this level. This is-DAX 11,425.
A is 10,004. This is a logical downside target. If this holds, AND A RALLY BEGINS FROM 10,004,
there is massive over-head supply from structure to the left. In my opinion the-DAX will remain weak.
Good luck to you in all your trades. Don.