MaryJane
Short

Tiny Double Top?

FX:GER30   The DAX Index
381 8 34
Is this a Double Top? Prices below 10.100 would activate that pattern -tp would be 10.000
Prices below 9.900 would extend the consolidation Phase.
For the maintrend up to 10.500 this dip is not critical, it would be healthy

If the Support will be bought, tps are 10.180/10.250/10.300
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Any ideas/ comments/opinions???





Comment: Very strong market - every dip is bought directly , here a nice bear trap....
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Comment: New highs today ?
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Related Ideas

What exactly is it? I am new in TradingView. Would you telling me what exactly it is and how can i learn this?
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It is clearly in an uptrend .Shorting is not a good idea !
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Yes - you are right! I never trade against the trend, i am a ppure cyclical breakout Trader...but i illustrate several ideas...
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If we really see a dip, it just has an corrective character, no Signal for a Turnaround...
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waterman MaryJane
Yes. Agree. We can have a dip at H4 Bat 88.6 fib ( 10330.80 )
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will it go 10300?
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:-) i also don`t have a holy grale :-) but from a technical, the wayx up to 10.300 is opened....
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if we cross 10.200, the next longsignal with TP 10.300 appears
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