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The_Cannalyst
Sep 12, 2016 7:37 AM

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

DAX index of German listed sharesFXCM

Description

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

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recaptured last supportzone yesterday

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retest of the former breakout Niveau (seems to be bullish) as Long as we trade above 10.450/10.500

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reached the fibo support cluster

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yihaaa

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yihaaaa

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thats it!
Comments
Krasen
Thanks for sharing, Mary!
powerseller
Very clear analysis. I thing under 10175 close will be more down to your next levels. 10 k or 9786 an than up.
michisuperfreak
Thanks!
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