DAX- have we seen the bottom?

FX:GER30   DAX Index
132 0 17
The Index has reached the bottom edge of its midterm uptrend since 11.02.2016. At this niveau some buyers joined in the game and the result is, that the index closed 3 days in a row positive.
The shortterm downtrend (10.470-9.730) is still dominant. The Chart will brighten with Prices above 10.200 (above the maximum correction Level, the 61,8 fibo-retracement @ 10.200) Here is also based the SMA 200 as a longterm buying Trigger. If the market could Close above this SMA , i exspect a further upmove to 10.490.On this way up, several resistance zones appear: The fibo retracements 38,2= 10.000 / 0,5 fibo = 10.110/ 61,8% = 10.200.
Should this Szenario get real we perhaps could see a nice 1-2-3 long-setup these days. The reqirement for this Long Setup is, that the index has to Close sustainable above it s 61,8 fibo @ 10.200 and has to cross the last valid "2".
Alternative Szenario: Stoppsell below the last Low at 9.730 with SL @ 10.000 and TP1=9400 / TP2=8800

For further Information about the 1-2-3 trading-pattern, please have a look at
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out