The_Cannalyst

Short when breaking the shortterm uptrend?

Short
The_Cannalyst Updated   
FX:GER30   DAX Index
Is this a nice short Chance near the 61,8 fibo-retracement? The rsi made a selling signal
Only trading above 12070 will brighten the Chart and perhaps turn him bullish again - 12350 is the possible mid/longterm-buytrigger (trading above the illustrated right shoulder)

daily view:
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sl adjustment because i see the danger of the next Long breakout (shortterm)
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stopp sell @ 12000-12025
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trading below the last low at 12.000 would break the ultrashortterm uptrend = shorttrigger
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for today the main resists should be the 0,5 and 61,8 fibos @ 12.062 / 12.108 ...trading below These Areas is still bearish imo
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reached trading mark
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all depends on how the us-market will behave today. yesterday we have seen something strange: Missile over Japan? North corea , so what? The king is dead -Long live the king !.... after a weak start, the market was bought till the end of the trading session and is based now at a technical resist at 21.915. Should dow could break the downtrend with Prices > 21.920 --> 22050/22150 can be aimed
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dow has to fall back into his downtrend...if he will not do that, the short idea dax could be wrong..
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surprise surpice--its a classicel bullish flag right now
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ladies.. :-)
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the max fibo stopped the countermove - trading below the max fibo is still bearish
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for those who believe in the power of the golden cut-fibo ;-) could open this nice short with a wonderful crr
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uptrend is still in tact! shorting the beast is high risk! against the trend! as always when we have a phantastic crr ;-)
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i don`t like These Kind of trades..i Need procyclical signals
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the tps for this short i would prefer: stoppsell < 11.990
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catching tops is not my strenght
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12.036 is the first short Trigger (a bit procyclical :-) )
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next breakout ?
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will the 61,8 fibo hold again?
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reached flag tp
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big Picture:
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reached resist level..watch the rsi..it reached the overbought area
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mega!!!
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wow
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