MaryJane
Long

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

FX:GER30   DAX Index
990 9 51
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:
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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
Comment: on it`s way up are several resists: 9497 / 9557 / 9618
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Comment: microstructure also bullish with a flag
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Comment: flag target nearly reached...
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Comment: 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
Hi Mary,

Great work! I've been following your short to this level and then the long again. Do you think it will go to 9800/9900 this upcoming week before it falls ?
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We're having the move we wanted yesterday today :)
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MaryJane PRO Chartsmith
Was it planned for yesterday? ;-)
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Chartsmith MaryJane
Maybe only in my mind :D
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That was some vicious price action :/
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MaryJane PRO Chartsmith
puhhhhh... :-)
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It's a double 61.8 confluence too :)
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Chartsmith Chartsmith
snapshot
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MaryJane PRO Chartsmith
like :-)
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