now i think it's going down to 10 k. But be carful in this time. trail your stops if you are on a good run...
10k is the next key for me. more down ist goes to 9750 - 9500 let s see.
Firstly the trendline has broken, secondly price has gone above weekly highs (dotted rays), both EMA's have been passed. Thirdly proce action shows 10640 level shows bearish drops. Support and resistance self explanatory. TP and SL is an example.
Here aug-sept...60min.... maybe a downchannel (yellow). But also an alternative-channel (red-lines by the arrows)....some more rom to the roof there, 650.
Above todays high, 600-700... there's a zone for to be ready for a posible breakout upward...
If not, then low in the channel should be a target for the downside.....
MACD is a kind bullish, untill it cross...
Not sure , but if it holds on here 10648 , I can notice we have a clear HIDDEN bearish divergence, that could come in play now >>> to the downside. Put a SL above that level, for a start.... and move the SL down, when posible. Not an easy task , so let's see if it could be any good....
That 4h-candle was not finnished, for another 2 hours.... but I did choose to...
Good move this morging. I still look down. But after speech Mario Dragi DAX can go up.
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$DAX here is a Big Picture monthly chart. It is screaming "from failed moves come fast moves in the opposite direction" rule. We need to be aware that a move to the bottom of the channel is very possible in the weeks ahead. There is certainly ample MMT fundamental evidence to support such a move as we saw back in Feb of this year.
