H&S? What are your ideas? How do you trade Dax today?
Comment. was this the final overshooting today which triggeres the bearish wedge?
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.
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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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Position triggered - Now a tiny Rebound back to the BO-Niveau?
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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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Potential H&S TPS!
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Faster than a speedy bullet! Dax reached TP1 = Min. TP H&S
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trading below todays low will iniitiate the next shortterm downwave
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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.
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.
gfknn5
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perfect!
Krasen
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Good job, Love!
Rebond to 10300?
The_Cannalyst
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THX -perhaps 10.230
salarfeen
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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
The_Cannalyst
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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...
salarfeen
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I felt it had topped and would go to 10020.
My tp is 10080
Timeframe upto two weeks. Started shorting last Wed.