MaryJane

Dax caught in the neutral area

FX:GER30   DAX index of German listed shares
696 10 39
Dax             is consolidating between 10.650-10.750 (blue flag). These Levels can be seen as neutral imo             . Within this edges no Action is needed
--> Watch the edges of this "box" - These are Action Points where you could place an order because a bigger move can be exspected.
10.805
Resists:10.728/10.745/10.753/
Supports:10.650/10.625/10.515/10.500/10.465/10.450

Comments are Welcome -Agree or Disagree! I am very interested how you trade the Dax! Let us discuss about it!

Best Regards Mary
Comment: step for stzep upwards..but i am missing dynamic!
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Comment: double top in the Region of the resistance -i don`t like that :-) where is the dynamic gone to?
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Comment: aha...i saw it coming......the double top is active! thank u draghi
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Comment: we touched the 38,2..perhaps this is a buying possibility.... ?
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Comment: wow..dax dipped into the sell-area
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Comment: the Chart turns more and more red! there are several resists ahead now...will we really test the Support at 10.450???
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Comment: chart is neutral/bearish imo - dangerous Situation - be careful..the risk on the downside is still present and dominant!
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Comment: breaking through todays low could initiate a "mini-selloff" down to 10560/10.520/10.500
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Comment: and here he is: the mini-selloff!
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Comment: we are here:
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rsi signs a possible countermove
Comment: possible rebound tp: perhaps we are now aiming the 38,2? ( 10627)
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Comment: reached last Support Level..now the crr for a lcounter long is nice, but not my style of trading..
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Comment: a countermove up to the uptrend @ 10.450 or the 38,2 @ 10.500 is thinkable.
Trading below the present Level means aiming the big 38,2 @ 10.235!
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Comment: last supportzone turned into resistance!! that`s really ugly.
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how far down will it go before we can buy again?
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MaryJane jjMatos
hi -thats a good question :-) that depends on your time horizon you want to hold your Position. Just for a scalp? for a swing trade? for a tactical/strategical trade? the entry has to fit to your own tactic or strategy...
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MaryJane MaryJane
have a look at my Chart, here you can see the supports and resists.....i always would prefer the pro!cyclical bo....i don`t like countertrades (falling knifes)
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jjMatos MaryJane