MaryJane
Short

Shortterm: Correction Mode

FX:GER30   DAX index of German listed shares
954 31 43
3 months ago
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?
Sustainable 1-2-3-Long Signal?

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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 Action Point!

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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
New midterm-longsignal above 9775

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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.
3 months ago
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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3 months ago
Comment:
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3 months ago
Comment: Shortterm view:
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3 months ago
Comment: trading below the 38,2 fibo is bearish imo
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3 months ago
Comment: If they buy the bottom, a double bottom is possible
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3 months ago
Comment: reached 61,8 fibo now
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3 months ago
Comment: Any Ideas?
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3 months ago
Comment:
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3 months ago
Comment: 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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3 months ago
Comment: The mentioned uptred broke!
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3 months ago
Comment:
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3 months ago
Comment: We have reached the resistance level - here i exspect a temporatily consolidation
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3 months ago
Comment:
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3 months ago
Comment: Oh yes, thats really a consolidation..Dax is retracing down to the Trading Box`s bottom -
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3 months ago
Comment: RSI oversold -perhaps a shortterm longscalp-try?
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EASYCHUA99
3 months ago
HI MaryJane,

WHAT is your view for Dax today ?
short go below 10350 ?
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andras1229
3 months ago
thank you
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will it need to fill the wick before up?
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MaryJane louie.angelo.collera
3 months ago
dax should not trade below 10.440-10.448 - below that Level, the possibility is given that we make a new low, perhaps than we will dip again the todays low at 10.385
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MaryJane MaryJane
3 months ago
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louie.angelo.collera MaryJane
3 months ago
thank you for the information. my own take also is that it wont fill the wick as well...just basing on the impulsive move of the price..=)
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EASYCHUA99
3 months ago
Thanks you Mary
Today Support At 10387 ,
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andras1229 EASYCHUA99
3 months ago
head and shoulders 1 min
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MaryJane andras1229
3 months ago
i don`t see any H&S? have u got a Chart?
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kenanseha
3 months ago
Hi Mary, you are awesome :)
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EASYCHUA99
3 months ago
HI Mary Jane
MEAN CAN SHORT AT 10560 ? TP 10440 ?
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MaryJane EASYCHUA99
3 months ago
10.560 was a nice entry! Congrats! But i don`t think that we will we dip so deep. Have a look at the yellow fibos - the min Level would be 10.498 - but the trend @ 10530 is the Pivot Support.
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MaryJane MaryJane
3 months ago
don`t forget to trail your stopp....we have reached the trend https://www.tradingview.com/x/e6SkHBOv/https://www.tradingview.com/x/e6SkHBOv/
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MaryJane MaryJane
3 months ago
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MaryJane MaryJane
3 months ago
reached action point
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MaryJane MaryJane
3 months ago
RSI also signs a further place for a possible downmove to 10.490 - but at the Moment, the illustrated trend is full in tact
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EASYCHUA99
3 months ago
Look like short higher , no buyer
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MaryJane EASYCHUA99
3 months ago
At th action point are the buyers now -https://www.tradingview.com/x/83ZTugLU/
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MaryJane MaryJane
3 months ago
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MaryJane MaryJane
3 months ago
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andras1229 MaryJane
3 months ago
very nice as always
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MaryJane andras1229
3 months ago
THX!!!
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andras1229 MaryJane
3 months ago
again good,awesome!
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dual.box28 andras1229
3 months ago
Posibilitiy entre long?
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andras1229
3 months ago
vielen dank
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EASYCHUA99
3 months ago
You mean Today will be down support 10440
look like long and short still fighting 10570
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MaryJane EASYCHUA99
3 months ago
Hi, i don`t exspect a drawdoen to 10.440 today - that would surprise me! At present, the market is fighting with the min. correction Level, fibo 38,2=10.534 . Perhaps here the uptrend can be resumed. The last 1h-candle is bullish!!bullishhttps://www.tradingview.com/x/reaUSlCa/
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MaryJane MaryJane
3 months ago
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MaryJane MaryJane
3 months ago
Buying candle ?
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MaryJane MaryJane
3 months ago
yess - a buying candle :-)
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MaryJane MaryJane
3 months ago
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