dionvuletich
Short

Dax/ Ger30 Daily Cypher

FX:GER30   DAX index of German listed shares
70 6 3
Adjusted stops and targets.. initial entry/ stop levels incorrect

Looking to sell a few pips before 12026
MaryJane
a year ago
Dax caught between SMA 200 & EMA 200

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MaryJane
a year ago
Thx for sharing
Theses days are exclusively political! Charttechnik is limited effective in such situations.
Resists: 10.850 / 11.000/ 11.250/11.325
supports: 10.700 / 10.610/ 10.535/10.550 / 10.130/10.000
The Level to watch is the SMA & EMA 200 - These instruments will pointing the way.
With a new Low below 10.600 a potential Crash lies in the air :-)
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snapshot
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MaryJane
a year ago
snapshot

Dax @ 200 EMA & neckline!!! Critical situation!!!

This morning the fdax made a new Low.

A Dax Close below 10.850 (EMA 200) target @ 10.500.
Dax Close above 10850 --> target : @11.050.
Dax Close above 11.100 --> bullish again with target @ 11.400/11.650.
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MaryJane
a year ago
Do Political trading days have short legs?

snapshot

My favourite analysis did occur just in parts. Ger30 takes the alternative counting. (Grey)
-I exspect an intraday-Reversal to min. 11.200 (68,2 fibo retracement of the Crashcandle this morning)
- Exspected was a drop to the 61,8% Retracement @ 11111, worst case target was 10.800 (EMA200). This is the Level to watch the next tradingsessions!!!
Till 10.800 imo my bullish Analysis is valid in shortterm.
-A close below 10.800 increases the risk to crash till 10.000/10.200.
- A close below 10.000 should initiate a Crash till 8300/8200.
A Close above 11600 generates the old shortterm target @ 12000.
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former analysis: The EMA 200 was a very nice buying-Signal.
Since then, the market jumped more than 800 Points - the risk on the downside is a bit eliminated at present. This is valid, as Long Dax is trading above the Level @ 10.850.
At present the middleterm-downtrend-channel has to be discussed.(3?)
-As long as dax is trading above 11.450, the summer Rally with target @ 12.000 has a good Chance toc ontinue.
-A Close below 11.450 would reanimate the downtrend-channel, a dip to the former Low must be exspected then.
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MaryJane
a year ago
Dax with longterm-flag: Longterm-Target 14.000?

snapshot

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dionvuletich
a year ago
Thanks for your comments Marihuanaaktien, I posted in my last post that if it breaks and closes below 10657 then it's goodbye nurse... it will break key level and keep going, my long position is based on the premise that this is the last line of defense for the bulls medium term

I see the Grexit as a positive for the Euro and Germany longer term, may hurt some creditors but will also remove an anchor and black hole money pit from their care. I don't care much for politics - too many opinions with too little facts...
Price charts don't lie they represent real transactions with real money so are therefore fact, I just trade what I see and ignore the rest...

As you noted It could very well fall from here and right now I'm playing for a bounce, if it stops me out then fine as I am also position short so either way it is ok - had a good run on the Dax recently (see red triangles in chart) so if I give some back so be it...
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