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The_Cannalyst

Is the holy 61,8 Fibo again the level for a turnaround?

Long
DAX Index (FX:GER30)  
The_Cannalyst Updated   
FX:GER30   DAX Index
51
9
The consolidation reached the maximal correction fibo-Level 61,8. Here a Turnaround could start. TP could be 9850.
On ist way up, several resistances appear: 9560/9750
Prices belwo the significant Low at 9158 will cause a selloff.


Former Analysis:
Shortterm Short?
Comment:
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oh oh..that smells bearish (shortterm)
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faster than a speedy bullet..ups
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wowwww..reached Min. TP H&S...Top!
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also reached Max. TP !!! puhhhhhhhhhh
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on it`s way up are several resists: 9497 / 9557 / 9618
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microstructure also bullish with a flag
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flag target nearly reached...
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dax should not trade again below 9400 from now on! below that Level, the Sentiment again turnes bearish
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last but not least....
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nearly reached tp....above this Level, i exspect a firther upwave the next days
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