MaryJane
Short

Shortterm H&S?

FX:GER30   The DAX Index
852 16 49
H&S? What are your ideas? How do you trade Dax             today?

Comment. was this the final overshooting today which triggeres the bearish wedge?
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Main Analysis:
DAX             reached Action Point!

Dax             reached the falling trendline which is valid since 21.04.2016. For me, thats an Action Point where a desicion has to be made. An upcoming consolidation is thinkable at that Level (possible tp on the downside is - as always - the 38,2 fibo) , but not neccesary. The RSI signs further up-potential in the daily Chart - there is still a bullish momentum - every dip was bought these days.
If DAX             % could beat the midterm downtrend since April             , the BIG Downtrend can be aimed!
Beating this longterm downtrend means a resumption of the maitrend - a Long Lasting bullmarket since 2008.
Dear followers! I Need some comments or other ideas ! I Analyse the market for YOU

Former Analysis:
Little Consolidation ahead?

Dax             is trading near it`s upperedge of the blue counted uptrend. Perhaps at that Level Dax             will make a Little break on it`s main way up to 10.400

New midterm-longsignal above 9775

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.

Comment: beware of a possible bear trap - dax is very strong theses days, they are buying EVERY dip ... but let`s see - as long Dax < 10.350 the momentum (shortterm) is still bearish (acrtive wedge - possible top-building , possible H&S)
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Comment: Position triggered - Now a tiny Rebound back to the BO-Niveau?
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Comment: Dax kissed the EMA 200! This level is corresponding to the 0,5 fibo - rsi is oversold now - rebound action? 10.250 could be a rebound-niveau (38,2 fibo of the last dip)
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Comment: Potential H&S TPS!
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Comment: Faster than a speedy bullet! Dax reached TP1 = Min. TP H&S
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Comment:
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Comment: trading below todays low will iniitiate the next shortterm downwave
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Comment: It`s time to adjust the SL of the illustrated shortposition ..here i Show 2 alternatives..my preferred sl a bit above the last high or a tactic sl nar the 38,2 fibo.
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Comment:
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Comment: here we go! dax reached the next action point!
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Comment: WOW!! PERFECT! EXACTLY REACHED ILLUSTRATED SHORT-TP- CHEERS!!!
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Comment: will we see the H&S- max-tp-test today ?
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Comment: Cheers - possible sl-adjustement example trade!
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Related Ideas

your dax analisys are fantastic
Reply
it was perfect!
Reply
MaryJane PRO shomonrobie
THX
Reply
excellent, imho DAX is at make or break level on a daily timeframe, if it turns bearish it could go fast to below 8000 in a matter of a few weeks.
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perfect!
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Good job, Love!
Rebond to 10300?
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THX -perhaps 10.230
Reply
salarfeen MaryJane
I want to short more as I feel it will go to 10020.

Can you please tell me a good rebound level to short from ?

I am already short from:
10460
10400
10350
10330
10320
10200
Reply
MaryJane PRO salarfeen
wow...whats your strategy? Whats your time-horizon you hold the Position? whats your tp, how is your actual sl? i am not a friend of shorting Rebounds - i am a pure breakout-Trader...
Reply
salarfeen MaryJane
I felt it had topped and would go to 10020.

My tp is 10080

Timeframe upto two weeks. Started shorting last Wed.

SL adjusted to 10360
Reply
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