MaryJane
Long

Next explosion ahead?

FX:GER30   DAX index of German listed shares
890 15 31
3 months ago
Afer kissing the resisitance Level we have dipped the 0,5 fibo like textbook -this Level was bought!
We are fighting with the multiply illustrated Trading Box´s upper edge and the ultrashortterm-downtrend.
For me, the time has come for a bigger breakout. For this Szenario, we have to leave behind the resistance zones...trading above yesterdays top would accelerate the present uptrend. TP of this BO could be in best case 10.800!
If the present resistance Cluster between 10.638-10-689 will survive, the conolidation will go itno the next round. Here a dip down to the Box`s bottom @ 10.440 is thinkable.

Resists: 10.665 / 10.689/ 10.710 / 10.775/ 10800
Supports: 10.555 / 10.520 / 10.490/ 10.438

I NEED your Comments and Ideas please !

Former views:
Long Scalp?
Long Scalp?


Sustainable 1-2-3-Long Signal?
Sustainable 1-2-3-Long Signal?


DAX             reached Action Point!
DAX reached Action Point!


Main view: New midterm-longsignal above 9775
New midterm-longsignal above 9775

red vs. green counting..in my Chart i have illustrated the present resistance and support zones.
If Dax             could overcome the resistance @ 9775 , a shortterm longsignal with tp @ 9.950 appears. The following TP could be 10.350.
Above 10.350-10.450 the midterm downtrend will break - that will generate midterm/longterm Targets @ 11.300/11.750/12.300
Above 12.350 there would be a BIG LONGSIGNAL --> TP 13.700!
If Dax             is trading below the last green "3" respective the last red "2" i exspect a sellof with tp @ 7.250.

3 months ago
Comment: resistance was too heavy..next round...at the moment we reached the support zone..isthis the next longchance? https://www.tradingview.com/x/DKUZ5y3v/https://www.tradingview.com/x/DKUZ5y3v/
3 months ago
Comment:
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3 months ago
Comment:
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3 months ago
Comment: We are fighting withe the supportlevel of the box and against the red marked bearish shortterm flag.
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3 months ago
Comment: Trading above the 61,8 fibo will relax the Chart
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3 months ago
Comment:
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3 months ago
Comment: Yihaaaaaaaaaaaaaaaaaaaaaa
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3 months ago
Comment: Dax reached the resistance cluster - rsi overbought...will we now see a dip down to the 38,2?
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3 months ago
Comment: Have a nice Weekend! I stop commenting the market ...here are too little comments ... 10.690 is the Level to watch for a Long-breakout. i think we will see a decision next week! Take care! Best Regards Mary
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3 months ago
Comment: bo done!
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eocz4u
3 months ago
thx for ideas
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Krasen
3 months ago
good job, Love!
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sunnymudhar PRO
3 months ago
Fantastic graph. Has been spot on so far!! Waiting for the dip to 400s and then start building on longs
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MaryJane sunnymudhar
3 months ago
youm really think we test the 400 again?? my stomach says no :-) but that means nothing :-) the market will show us the way
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SiBeiWuShei
3 months ago
Thanks for the great analysis! Do u think the 4hr RSI will fall below 30?
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sunnymudhar PRO
3 months ago
400's coming Mary Jane :-)
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MaryJane sunnymudhar
3 months ago
:-)
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sunnymudhar PRO
3 months ago
10200's a big possibility too even if just a spike on NFP tomorrow
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MaryJane sunnymudhar
3 months ago
yes, nfp will show us the way for next week ..the market is waiting...
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sunnymudhar PRO MaryJane
3 months ago
Look forward to receiving your updates tomorrow. Keep up the great work!!
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EASYCHUA99
3 months ago
Today the Dax long
still can hold tie at 10500 and above
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UNLIMITED
3 months ago
dax: trend until the end of September is to fall ... to at least 10248 (10020), then up to 11207-11233
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MaryJane UNLIMITED
3 months ago
Hi UNLIMITED.... why? have you got some nice arguments or better a Chart? Greez Mary
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GatesOfCapital
3 months ago
Hi MaryJane, nice to see it from your perspective! I think we can move lower, but the market is not easy this moment so therefore thanks for your analysis..
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beckogva
3 months ago
Why nobody is talking about the next meeting of ECB ! This event can make the DAX fly !
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