Tell me your ideas, and i will tell you mine ;-9 Best regards Mary
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The first resistances are turning into supports...it smells like bo... 10.500-10.525 is the "real" flag trigger
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Trade closed manually
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ok, nobody wants to share his idea with me.... i took the flag -bo and went long, but will not furthermore comment my views from now on... i think nobody is interested in trading the Dax-beast! it`s ok....
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10.525 is the level to watch at the Moment
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more and more supports are turning into resists :(
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falling knife !
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it would be healthy if we don`t fall back in the https://downtrend....https://www.tradingview.com/x/6P7LUYSI/
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thats hard but it`s not surprising..
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EASYCHUA99
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Dax look strong now back to 10320
EASYCHUA99
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Today Dax 10300 -10150
hope next week can recover .
Deutsche Bank issues ???
cut loss ?? or hold tie still 10700 next two week
649bruno
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Mary Jane. I update my DAX chart from four days ago.
1. Sell Fractals in effect.
2. Alligator jaws CLOSED in tandem with sell Fractals. Alligator sleeping for now. THIS IS YOUR DIRECTIONAL COMPASS.
3. Chop indicator (under chart) is well above the 38.2 shaded area. This indicates a ZERO trend and, at best, sloppy action with a downward bias.
4. Phase energy (lower top indicator) is below the zero line. Note downward trend.
5. MACD-top indicator-is bearish . NEW NEGATIVE CROSS. This is a sell signal.
6. Prices are trading into the Ichimoku Cloud . This is a sell signal.
8. Prices are trading below the Ki jun-Sen baseline of the Ichimoku Cloud . This is a sell signal.
9. Prices are trading below the thick red Ichimoku Cloud conversion line. This is a sell signal.
9. The red Ichimoku Cloud conversion line direction is heading lower. This is a sell signal.
10. The Ki jun-Sen baseline of the Ichimoku Cloud direction is heading lower. This is a sell signal.
11. The CHOP ZONE indicator (under chart) is red, indicating a down trend.
12. The middle top indicator is a forward projection for 9 days of the Ichimoku Cloud conversion line. Readings below the zero line are negative.
The-DAX bounced off of its 233 day moving average (233 is a Fibonacci number). This is an action/ inflection point. I do not think this will hold.
EWG-the I-Shares for the-DAX, has been unable to get above $27.60. There were three failures at this level. This is-DAX 11,425 equivalent.
A 50% retracement is 10,004. This is a logical downside target. If this holds, AND A RALLY BEGINS FROM 10,004, there is massive over-head supply from structure to the left.
In my opinion the-DAX will remain weak.
As always, I enjoy your work. Don.
AntoninoRomano37
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Mary
I prefer weekly charts because I trade longer time frames. In my last chart of GER30 I see the bearish case stronger than the bullish one. Dax may fall to at least 10100 or lower (9700) before moving up again. Best
EASYCHUA99
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Hi Mary ,
Mary your insight have been of real value to us.
Thanks and had Nice tradeing day for you
samderits
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I must say Mary your insight have been of real value to me. Thanks and God bless you.
The_Cannalyst
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Thank u so much :-)
EASYCHUA99
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Mary ,
I just buy in 10510 , now drop to 10430 - 10400 support , bad luck,
will Dax recover back to 10700 by nexy two week ?
pathaniasourabh
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Mary can we buy @ cmp ?
maxi21
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Hi Mary, i really like your work! Continuation much appreciated. Regards, Sam