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The_Cannalyst
Jul 25, 2016 7:26 AM

10.100 is a shortterm decision point! Long

DAX index of German listed sharesFXCM

Description

As Long as we trade above 10.100, the possibility to reach new Highs is given. TPs could be 10.250/10.350
The cyclical longtrigger is 10.200.
Trading below 10.100 can cause a (minimum) drop to the 38,2 fibo @ 9.880

Tiny Double Top?

Is this a Double Top? Prices below 10.100 would activate that pattern -tp would be 10.000
Prices below 9.900 would extend the consolidation Phase.
For the maintrend up to 10.500 this dip is not critical, it would be healthy

If the Support will be bought, tps are 10.180/10.250/10.300

New midterm-longsignal above 9775

red vs. green counting..in my Chart i have illustrated the present resistance and support zones.
If Dax0.01% 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 Dax0.01% is trading below the last green "3" respective the last red "2" i exspect a sellof with tp @ 7.250.

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RSI! in the overbought region now....dax is also out of the BBs, take care!

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reached tp1 10250

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the next flag?

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shortterm trend is full intact

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Slowly but surely.

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nearly done! cheers :-9

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possible Turnaround Level

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a final overshooting could reach till 10.550/ 10.750

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plan for the next 2 days :

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flag attack?
Comments
EASYCHUA99
Dear MaryJane ,

I 'm new to the Trade Fox and Dax
from singapore
The_Cannalyst
hi
PA-FX
Wow!! you are really doing a great job! thx a lot i am very new to trading a learning a lot from your ideas! keep it up!
Batman-oz
Yes i will enter this trade, but just waiting a bit.
The_Cannalyst
..and here is the exspected breakout..
burgwyna
@LeveragedLimit on twitter called this and traded this from the 9300s
The_Cannalyst
when did he call it?
burgwyna
he deletes his tweets weekly but he called the trade from the 9300s a couple of weeks ago. e traded cash and options
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