MaryJane
Short

Shortterm: Correction Mode

FX:GER30   DAX index of German listed shares
956 31 43
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.
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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Comment:
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Comment: Shortterm view:
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Comment: trading below the 38,2 fibo is bearish imo
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Comment: If they buy the bottom, a double bottom is possible
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Comment: reached 61,8 fibo now
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Comment: Any Ideas?
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Comment:
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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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Comment: The mentioned uptred broke!
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Comment:
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Comment: We have reached the resistance level - here i exspect a temporatily consolidation
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Comment: Oh yes, thats really a consolidation..Dax is retracing down to the Trading Box`s bottom -
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Comment: RSI oversold -perhaps a shortterm longscalp-try?
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You mean Today will be down support 10440
look like long and short still fighting 10570
Reply
MaryJane EASYCHUA99
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/
Reply
MaryJane MaryJane
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MaryJane MaryJane
Buying candle ?
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MaryJane MaryJane
yess - a buying candle :-)
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MaryJane MaryJane
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vielen dank
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Look like short higher , no buyer
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MaryJane EASYCHUA99
At th action point are the buyers now /x/83ZTugLU/#
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MaryJane MaryJane
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