MaryJane
Short

Flag is back?

FX:GER30   The DAX Index
681 18 38
Same procedure as Friday
-The flag Triggers are: 10.469 --> TP 10.370 and 10.557 --> TP 10.645

Friday`s view: Beware of the bearish shortterm Flag!

The 38,2 fibo is still the pivot resistance in this TF. If we break through the illustrated supportlevel, a further consolidation-wave down to 10.370 can be exspected. At the Moment, Dax             is forming a possible bearish flag (blue).
The flags Triggers are: 10.469 --> TP 10.370 and 10.557 --> TP 10.645
The Patient procyclical Trader should wait till we break through one side of the flags Body. Let`s see, which side it is....

Supports: 10.477 / 10.455
Resistances: 10.545/ 10.557/ 10.565/ 10.578 / 10.645/ 10.660

Please folow me if you want to stay tuned - i update my view most of the times in my comments without a new publication

Former views: Sustainable 1-2-3-Long Signal?



The last valid green "2" could be overcomed! This is strong bullish . But at that level, a possible red "3" is sleeping. The RSi signs an overbought situation - u should exspect a corrective move every further trading session. As long Dax-1.18% is trading above 10.500 all signs are green. If you have any questions - please write down your question in the comment area - i will answer you

Main View: New midterm-longsignal above 9775


red vs. green counting..in my Chart i have illustrated the present resistance and support zones.
If Dax             could overcome the resistance @ 9775 , a shortterm longsignal with tp @ 9.950 appears. The following TP could be 10.350.
Above 10.350-10.450 the midterm downtrend will break - that will generate midterm/longterm Targets @ 11.300/11.750/12.300
Above 12.350 there would be a BIG LONGSIGNAL --> TP 13.700!
If Dax             is trading below the last green "3" respective the last red "2" i exspect a sellof with tp @ 7.250.


Comment: summa summarum: TP is still 11.400!
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Comment: dax reached resistance Level..it`s getting interesting - watching for a breakout!
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Comment: sorry, this Chart is the right one.....watch the RSI, the resistance shpould hold one more time..and than.....
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Comment: exactly kissed the resistance upper edge
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Comment: it is time to kiss 10.700
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Comment: aha..
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Comment: exactly kissed the 38,2 fibo-the min correction Level... overview: https://www.tradingview.com/x/fyRkx5UT/https://www.tradingview.com/x/fyRkx5UT/
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hi Mary, when can we start to buy again? currently bear @ 10565
Reply
for me just a cyclical breakout is an interesting entry... here: stoppbuy @ 10.690.... 10460 also would be a nice anticyclical entry for a countertarde..but i don`t prefer that. Trading below 10665 increases the risk of further downwaves with consolidating character (no trendchange)
Reply
jjMatos MaryJane
thanks
Reply
Hi Mary, Brilliant! thanks - had a GTC order for 10600 here filled this morning, many thanks for our analysis, don't think I would be able to trade this index without it!!
Reply
people are waiting for us Nonfarm Productivity (QoQ) (Q2) ,and us ISM Manufacturing PMI (Aug) report

short or long ?
Reply
MaryJane PRO EASYCHUA99
i never would recommend something :-9 ...but in those cases i always would recommend to stay flat....after the News you can update your view and start the game again....
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jjMatos MaryJane
are we still looking at bearish move to which point?
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Hi Mary, Can you give a update on DAX outlook at some point - thank you very much.
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MaryJane PRO killianobriain
my tps should be known...but i make a new one tomorrow...ok?
Reply
wunerful - tnx!!
Reply
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