TradingView
The_Cannalyst
Sep 6, 2016 7:08 AM

Flag attack? Long

DAX index of German listed sharesFXCM

Description

10.650 is still the Level to watch. Trading above that Level is strict bullish!
Falling back into the Tradingbox 10.450-10.650 is negative

Flag TP: 10.875!


Resists: 10.753 / 10.775/ 10800
Supports: 10.672/10.655/ 10.520 / 10.490/ 10.438


I NEED your Comments and Ideas please !


Former view:

Next explosion ahead?

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 !

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reached "weak" buy Trigger 1 - the real Trigger of the flag is 10.743-10.753

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no dynamic... :(

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Comments
KimiSiow
Forget about bullish party if you do have holding power. The frenzy coming to an near end. The holding above 200 ma period are limited now. 10,450 to 10,470 area should be keep an eye. Once broken, we are entering bearish cycles.
lanpham
De30 moves opposite the usd index right?
EASYCHUA99
Look like Today DAX also slow move
but still in uptrend
lanpham
agree with u Mary. It just tested the neckline.
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