MaryJane

Is the 38,2 @ 10.175 the object of desire?

FX:GER30   DAX index of German listed shares
621 3 35
Technical Overview:

Early we have realized, that Ger30             felt from the buying, into the neutral down to the selling area (shown in my former views) - we saw, that the dynamic decreased, that was one of the first sell-signals.
In the daily Chart we can see the activated Double Top - which was the next sign for a stagnation.
The normal correction of the upwave 9156-10800 would be the 38,2 @ 10.175. Here is based a Little support-Cluster (last significant low and the former downtrendchanel)
I be waiting for "clear" procyclical buying-or selling signals.

Take Care
Best Regards Mary
Comment: recaptured last supportzone yesterday
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Comment: retest of the former breakout Niveau (seems to be bullish) as Long as we trade above 10.450/10.500
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Comment: reached the fibo support cluster
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Comment: yihaaa
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Comment: yihaaaa
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Comment: thats it!
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Thanks for sharing, Mary!
+1 Reply
Thanks!
Reply
Very clear analysis. I thing under 10175 close will be more down to your next levels. 10 k or 9786 an than up.
Reply
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