FX:GER30   DAX index of German listed shares
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!
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?

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

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!
snapshot
Comment: dax reached resistance Level..it`s getting interesting - watching for a breakout!
snapshot
Comment: sorry, this Chart is the right one.....watch the RSI, the resistance shpould hold one more time..and than.....
snapshot
Comment: exactly kissed the resistance upper edge
snapshot
Comment: it is time to kiss 10.700
snapshot
Comment: aha..
snapshot
Comment: exactly kissed the 38,2 fibo-the min correction Level... overview: https://www.tradingview.com/x/fyRkx5UT/https%3A//www.tradingview.com/x/fyRkx5UT/
Comment:
snapshot
Comment:
snapshot
DJ closed today plus, I have reason to believe that tomorrow trading on the DAX will be conducted + 0,60-0,90%
Reply
Hi mary
what is next for Dx today 10700 ?
Reply
MaryJane EASYCHUA99
10600-10665 is a resistance cluster
Reply
Looking to buy above 10657 tgt 10800 sL 10600
Reply
MaryJane SilverFox
sl=38,2 is also interesting than..
snapshot
Reply
MaryJane MaryJane
the rsi signsthat we perhaps dip down to the 38,2 fibo before we see the big breakout
Reply
SilverFox MaryJane
Cool Tx @ 576
Reply
you are perfect
Reply
Hi Mary, Can you give a update on DAX outlook at some point - thank you very much.
Reply
MaryJane killianobriain
my tps should be known...but i make a new one tomorrow...ok?
Reply
wunerful - tnx!!
Reply
people are waiting for us Nonfarm Productivity (QoQ) (Q2) ,and us ISM Manufacturing PMI (Aug) report

short or long ?
Reply
MaryJane 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....
Reply
jjMatos MaryJane
are we still looking at bearish move to which point?
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
hi Mary, when can we start to buy again? currently bear @ 10565
Reply
MaryJane jjMatos
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
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out