My favourite analysis did occur just in parts. Ger30 takes the alternative counting. (Grey)
-I exspect an intraday-Reversal to min. 11.200 (68,2 fibo retracement of the Crashcandle this morning)
- Exspected was a drop to the 61,8% Retracement @ 11111, worst case target was 10.800 (EMA200). This is the Level to watch the next tradingsessions!!!
Till 10.800 imo my bullish Analysis is valid in shortterm.
-A close below 10.800 increases the risk to crash till 10.000/10.200.
- A close below 10.000 should initiate a Crash till 8300/8200.
A Close above 11600 generates the old shortterm target @ 12000.
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former analysis: The EMA 200 was a very nice buying-Signal.
Since then, the market jumped more than 800 Points - the risk on the downside is a bit eliminated at present. This is valid, as Long Dax is trading above the Level @ 10.850.
At present the middleterm-downtrend-channel has to be discussed.(3?)
-As long as dax is trading above 11.450, the summer Rally with target @ 12.000 has a good Chance toc ontinue.
-A Close below 11.450 would reanimate the downtrend-channel, a dip to the former Low must be exspected then.
-I exspect an intraday-Reversal to min. 11.200 (68,2 fibo retracement of the Crashcandle this morning)
- Exspected was a drop to the 61,8% Retracement @ 11111, worst case target was 10.800 (EMA200). This is the Level to watch the next tradingsessions!!!
Till 10.800 imo my bullish Analysis is valid in shortterm.
-A close below 10.800 increases the risk to crash till 10.000/10.200.
- A close below 10.000 should initiate a Crash till 8300/8200.
A Close above 11600 generates the old shortterm target @ 12000.
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
former analysis: The EMA 200 was a very nice buying-Signal.
Since then, the market jumped more than 800 Points - the risk on the downside is a bit eliminated at present. This is valid, as Long Dax is trading above the Level @ 10.850.
At present the middleterm-downtrend-channel has to be discussed.(3?)
-As long as dax is trading above 11.450, the summer Rally with target @ 12.000 has a good Chance toc ontinue.
-A Close below 11.450 would reanimate the downtrend-channel, a dip to the former Low must be exspected then.
