FX:GER30   DAX index of German listed shares
610 2 6
DAX             IS LOOKING BULLISH ,
DAILY MA'S BULLISH ,
WAITING ON DAILY CLOSE,
PRICE PUT IN A HH,
ABCD POSSIBILITY,
CAUTIOUS OF THE DOUBLE TOP
PRICE BOUNCED OFF 200MA AND IS ABOVE 50MA

Related Ideas

Rebounds

thx for sharing..here is my view: The Dax pullback stopped at his 61,8 fibo-retracement. The Index could not break this Level.
Yesterday we have seen a very weak tradingday with the result, that the shortterm-uptrend broke.
A new 1-2-3 appears (red counting). what means that a Test of the former LOW @ 11.000 should be exspected. The Chart turns bullish again only with Prices above 11.665 ("3") respective 11.820 ("1").
SHould the market reach the Level of the former LOW @ 11.000 where the EMA & SMA 200 are based i exspect a new up-wave with new Highs at the Level of my "target autumn Rally"
Trading below the last valid orange "3" @ 1.0645 should initiate a fast selloff

Green/Grey arrows: exspected way
Grey: Alternative way

For further Information about my countings have a look @
Introduction into 1-2-3 Trading Pattern

snapshot


former Analysis:
The Traders dream became true!
snapshot

The Traders dream became true! The pullback stopped @ the 61,8 fibo. Since we have seen the Low @ 11.040 the market decided to go up further. Now we have resached zthe max. pullback Level, the 61,8 fibo from the way down 11.750-11.040. This Level could be a possibleTurnaround Niveau.

Bearish Szenario: Should the ultrashortterm trend be hurt (Grey arrow) we possible will see a dip to the former LOW @ 11.040. Will the market fall below this Level, the next target would be the LOW @ 10.650. On that way down are based the EMA and SMA 200. They should be a strong Support! If we trade below the last orange "3", i exspect a fast selloff-move.
Bullish szenario: If the index is strong enough to take the last green "2" out of the market, my autumn Rally target can be aimed.
Hybrid Szenario: The market can dip to ist EMA and SMA 200 without hurting any trand or bullish Szenario. Should the market dip to the MA`s i exspect a BIG UP MOVE

Will the pullback stop @ 61,8 fibo?
Will the pullback stop @ 61,8 fibo?
snapshot
Will the pullback stop @ 61,8 fibo - the maximal correction level? This would be a traders dream :-)
All Tradingsessions above its 200 sma/ema seem to be bullish anymore.
The range between 10.600-11.060 is neutral
A sustainable close below the ema/sma 200 are selling signals, prices below the last LOW @ 10.600 can generate a selloff
Reply
sorry here is the correct Chart
On its way down to kiss the 11.000 again
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out