As Long as we trade below 10.100 i exspect a further consolidation. TPs on the downside could be9880/ 9730/9630. Prices above 10.100 will brighten the Chart and open the way up to 10.300
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@ followers: any ideas? How do you trade the Dax today? Have you some other ideas/opinions?
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i think the maximal up-potential for today is the yesterdays high @ 10.164
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possible shorts against the trend
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dax touched shortterm action Point @ 10.100 - here we have a nice crr - as always when we are near Action Points :-9
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that`s really crazy ..nothing can stop him - only These two nice bearish highlighted candles? is that a shortterm sign for a topping or Turnaround?
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microstructure is bullish at this Moment
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will the flag breakout iniitiate the final top-building move up to the Pivot resist @10.164 ? This Szenario is active as Long dax is trading above 10.100
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time Offset, but ok :-)
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touched the 38,2 Support - interesting level -perhaps a shortterm buying chance ?
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Visualization: Supports & Resists
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that`s a bit fancyful, but it would fit! Is this a shortterm Turnaround? Prices below 10.100 would trigger that pattern with TPs 10.40 and 10.000
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andras1229
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nice
BrokeButBold
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I think its going to make a new low of this year, starting next week
The_Cannalyst
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WOW! Have you got a Chart for your Szenario?
BrokeButBold
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S&P is actually making my go to reversal patterns i think maximum upside is till 2185
The_Cannalyst
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BrokeButBold
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that was an amazing trade, i went long 5 months ago but i think it is just a pre recession rally which will end very soon new all https://timehttps://www.tradingview.com/chart/SPX500/897BgcsJ-New-All-Time-Highs-in-Markets-Soon/
BrokeButBold
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markets made those reversal patterns for the upside at that time, now they are making it for the down side
Krasen
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I am with same opinion
kizly
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Too risky for me - I don't go long when the markets are so high (except small daytrads) , yesterday I was sure S&P would undergo much larger correction even to previous resistances, but the bulls and helicopter money seem to push every dip up.