Within the uptrend, dax is forming a corrective downtrend these hours. At present, we are trading near the min. correction level, fibo 38,2 @ 10.532. The corrective wave can reach down to the max. fibo level @ 10.285. No later than here should the main trend resumed. The next cyclical-trend-tp could be 10.800, above that level 11.100!
Trading below that maximal correction level @ 10.285 means that dax could make a further downwave to 10.100 respective 9.900
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 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
Please folow me if you want to stay tuned - i update my view most of the times in my comments without a new publication.
DAX REACHED ACTION POINT!
Dax reached the falling trendline which is valid since 21.04.2016. For me, thats an Action Point where a desicion has to be made. An upcoming consolidation is thinkable at that Level (possible tp on the downside is - as always - the 38,2 fibo) , but not neccesary. The RSI signs further up-potential in the daily Chart - there is still a bullish momentum - every dip was bought these days.
If DAX could beat the midterm downtrend since April, the BIG Downtrend can be aimed!
Beating this longterm downtrend means a resumption of the maitrend - a Long Lasting bullmarket since 2008.
Dear followers! I Need some comments or other ideas ! I Analyse the market for 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.
Trading below that maximal correction level @ 10.285 means that dax could make a further downwave to 10.100 respective 9.900
Former Views:
SUSTAINABLE 1-2-3-LONG SIGNAL?
Please folow me if you want to stay tuned - i update my view most of the times in my comments without a new publication.
DAX REACHED ACTION POINT!
Dax reached the falling trendline which is valid since 21.04.2016. For me, thats an Action Point where a desicion has to be made. An upcoming consolidation is thinkable at that Level (possible tp on the downside is - as always - the 38,2 fibo) , but not neccesary. The RSI signs further up-potential in the daily Chart - there is still a bullish momentum - every dip was bought these days.
If DAX could beat the midterm downtrend since April, the BIG Downtrend can be aimed!
Beating this longterm downtrend means a resumption of the maitrend - a Long Lasting bullmarket since 2008.
Dear followers! I Need some comments or other ideas ! I Analyse the market for 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:
Nice shakeout-candle which nearly reached the max. correction Level 62,8 ....from now on, dax should not trade again below that candle....
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Shortterm view:
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trading below the 38,2 fibo is bearish imo
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If they buy the bottom, a double bottom is possible
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reached 61,8 fibo now
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Any Ideas?
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The shortterm uptrend which started yesterday is still full in tact. Today we nearly reached the central pivot resistance cluster between 10.630-10.655 . Above that level, i exspect a fast bullish move up to 10.800
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The mentioned uptred broke!
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We have reached the resistance level - here i exspect a temporatily consolidation
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Oh yes, thats really a consolidation..Dax is retracing down to the Trading Box`s bottom -
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RSI oversold -perhaps a shortterm longscalp-try?