Beware of the bearish shortterm Flag!

FX:GER30   DAX Index
390 2 28
The 38,2 fibo is still the pivot resistance in this TF. If we break through the illustrated supportlevel, a further consolidation-wave down to 10.370 can be exspected. At the Moment, Dax             is forming a possible bearish flag (blue).
The flags Triggers are: 10.469 --> TP 10.370 and 10.557 --> TP 10.645
The Patient procyclical Trader should wait till we break through one side of the flags Body. Let`s see, which side it is....

Supports: 10.477 / 10.455
Resistances: 10.545/ 10.557/ 10.565/ 10.578 / 10.645/ 10.660

Please folow me if you want to stay tuned - i update my view most of the times in my comments without a new publication

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

Main View: New midterm-longsignal above 9775

red vs. green 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: No flag anymore
You mean is time go long TP 10800 ?
you mean is time to go long TP 10800 ?
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