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The_Cannalyst
Jul 11, 2016 7:54 AM

New midterm-longsignal above 9775 Long

DAX index of German listed sharesFXCM

Description

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.

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Comment

TP 10.350 reached today

Comment

Comments
s.mahdi
i think the best opportunity is to buy at 9780,,,aiming 10200 as tp1 ...do u agree ?
The_Cannalyst
uos, i am sorry, i didn`t read your comment....yes, you were right, breaking 9775 generated a longsignal
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