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.
Comment. was this the final overshooting today which triggeres the bearish wedge?
Main Analysis:
DAX reached Action Point!
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?
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.
הערה:
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)
הערה:
Position triggered - Now a tiny Rebound back to the BO-Niveau?
הערה:
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)
הערה:
Potential H&S TPS!
הערה:
Faster than a speedy bullet! Dax reached TP1 = Min. TP H&S
הערה:
הערה:
trading below todays low will iniitiate the next shortterm downwave
הערה:
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.
הערה:
הערה:
here we go! dax reached the next action point!
הערה:
WOW!! PERFECT! EXACTLY REACHED ILLUSTRATED SHORT-TP- CHEERS!!!
הערה:
will we see the H&S- max-tp-test today ?
הערה:
Cheers - possible sl-adjustement example trade!
