MaryJane
Long

Intraday-Turnaround?

FX:GER30   DAX index of German listed shares
900 26 37
Nice H&S ...neckline = 38,2 fibo = longtrigger (requirement for the H&S ). --> TP could be the 61,8 @ 10.425...but in front of the Weekend, i don`t think that the likelihood is high for further rising Prices.
Trading below the right shoulder will accelerate the dwon-dynamic imo
Happy trading and have a nice Weekend
Best Regards Mary
Comment: dax has to jump over the 38,2 now
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Trade closed manually: reached downtrendline
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Comment: Enjoy...
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... have a nice weekend ! Greez Mary
Comment: wow
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Comment: yes, this was a nice turnaround H&S -indeed!!!
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Comment: what the f... ? ;-9
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Comment: reached upper downtrendline...crazy countertrader would fix this level to scalp
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Comment: 40 points for a scalp are more than enough!
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Comment: the circles are the next longtrigger
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Comment: Reached next action Point
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Comment: the trend is your.....
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Comment: first test of the resistance was sold ...
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Comment: if 10.540 does not hold, this illustrated area seems to be a nice support löevel.. ema/ former downtrend/ 38,2 fibo
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I am not sure if this pattern will result in higher prices too. I don't see this pattern in the S&P futures either, which would be a strong signal.

Nice weekend!
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Thank you Mary! Enjoy your weekend!
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I think higher price would a very good sell opportunity.
DB issue will hunt DAX until resolved...
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MaryJane MertErten
Hi MertErten -let`s see... i still think we are bullish in the daily....i hold on my TPs. Temporarily the market could struggle....
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MertErten MaryJane
Hi,
Trend is bullish for today but DB news can send this to bottom instant.
NY open will show if this will continue or not.

I expect at least 10400 before bearish reversal.
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thks Mary. I am watching this pair closely each day too. I am waiting for it to go to the higher sz to sell again. g9
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Man this chart was awesome. I took max profit of it
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MaryJane nahian87
like!
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nahian87 MaryJane
Oh Man I fall in sleep and only could followed your first pic. When I wake up I asked my self why I fall in sleep last night. :(
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Target reached. Great analysis :) thanks for inspiration. Have a nice weekend.
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now short?
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no
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MaryJane MaryJane
why fighting against the trend?
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MaryJane MaryJane
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when yes as a scalp have a sl @ 10540
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MaryJane MaryJane
the short crr is nice, but i for me won`t do that ...its a trendy day....don?t fight against the trend :-9
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MaryJane MaryJane
if the market was not closed, i would exspect such an upmove...
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but we have closed now, its just running behind the us markets :-9
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"now short"? is a question i don`t like...i won`t recommend anything to anyone....as long as i don`t know which kind of trade you are planning (scalp, swing, bo, etc) i can`t answer such things...it depends on where your sl is based, which tf you are trading and so on and so on....and: all trades from now on have an overweekend-risk....next trading session is next tuesday..i would not risk such possible "gap-risiks" ..stay cool and take care!
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Morning Mary,
what do you think Dax direction Today long or short
10560 -10405 ?
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hello MJ,

what I see:
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IMO intraday-trend not determined yet.
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What is next target point?
is it going to follow the trend or turnaround
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I am biased towards short.
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flrtrader MertErten
Had an alert new Idea? Might you share? Inflection point here I believe. SPX Dax and FTSE... I am a 2-3 day swing trader flat at the moment to many conflicting signals.
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MaryJane flrtrader
hi flrtrader...i think Long as Long the uptrend is still dominant
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.. but you are so right! we a near a very important charttechnical Point between 10.625-10.650
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MertErten MaryJane
SHORT DAX INTRADAY


I think we are coming to an end.
Gold has inverse correlation with GER30, so I think it makes sense...
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agree!
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Morning Mary ,

Today dax look long 10480- 10620 ?
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