Afer kissing the resisitance Level we have dipped the 0,5 fibo like textbook -this Level was bought!
We are fighting with the multiply illustrated Trading Box´s upper edge and the ultrashortterm-downtrend.
For me, the time has come for a bigger breakout. For this Szenario, we have to leave behind the resistance zones...trading above yesterdays top would accelerate the present uptrend. TP of this BO could be in best case 10.800!
If the present resistance Cluster between 10.638-10-689 will survive, the conolidation will go itno the next round. Here a dip down to the Box`s bottom @ 10.440 is thinkable.
Resists: 10.665 / 10.689/ 10.710 / 10.775/ 10800
Supports: 10.555 / 10.520 / 10.490/ 10.438
I NEED your Comments and Ideas please !
Former views:
Long Scalp?
Sustainable 1-2-3-Long Signal?
DAX reached Action Point!
Main view: 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.
We are fighting with the multiply illustrated Trading Box´s upper edge and the ultrashortterm-downtrend.
For me, the time has come for a bigger breakout. For this Szenario, we have to leave behind the resistance zones...trading above yesterdays top would accelerate the present uptrend. TP of this BO could be in best case 10.800!
If the present resistance Cluster between 10.638-10-689 will survive, the conolidation will go itno the next round. Here a dip down to the Box`s bottom @ 10.440 is thinkable.
Resists: 10.665 / 10.689/ 10.710 / 10.775/ 10800
Supports: 10.555 / 10.520 / 10.490/ 10.438
I NEED your Comments and Ideas please !
Former views:
Long Scalp?
Sustainable 1-2-3-Long Signal?
DAX reached Action Point!
Main view: New midterm-longsignal above 9775
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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resistance was too heavy..next round...at the moment we reached the support zone..isthis the next longchance?
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We are fighting withe the supportlevel of the box and against the red marked bearish shortterm flag.
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Trading above the 61,8 fibo will relax the Chart
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Yihaaaaaaaaaaaaaaaaaaaaaa
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Dax reached the resistance cluster - rsi overbought...will we now see a dip down to the 38,2?
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Have a nice Weekend! I stop commenting the market ...here are too little comments ... 10.690 is the Level to watch for a Long-breakout. i think we will see a decision next week! Take care! Best Regards Mary
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bo done!