Trading below that maximal correction level @ 10.285 means that dax could make a further downwave to 10.100 respective 9.900
SUSTAINABLE 1-2-3-LONG SIGNAL?
The last valid green "2" could be overcomed! This is strong . But at that level, a possible red "3" is sleeping. The 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
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DAX REACHED ACTION POINT!
Dax reached the falling 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 signs further up-potential in the - there is still a 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
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.