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.
Main view: 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.
We are fighting withe the supportlevel of the box and against the red marked bearish shortterm flag.
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Trading above the 61,8 fibo will relax the Chart
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Yihaaaaaaaaaaaaaaaaaaaaaa
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Dax reached the resistance cluster - rsi overbought...will we now see a dip down to the 38,2?
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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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bo done!
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beckogva
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Why nobody is talking about the next meeting of ECB ! This event can make the DAX fly !
Forextra_official
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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..
UNLIMITED
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dax: trend until the end of September is to fall ... to at least 10248 (10020), then up to 11207-11233
The_Cannalyst
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Hi UNLIMITED.... why? have you got some nice arguments or better a Chart? Greez Mary
EASYCHUA99
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Today the Dax long
still can hold tie at 10500 and above
sunnymudhar
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10200's a big possibility too even if just a spike on NFP tomorrow
The_Cannalyst
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yes, nfp will show us the way for next week ..the market is waiting...
sunnymudhar
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Look forward to receiving your updates tomorrow. Keep up the great work!!