H&S - good for 2.400 points or 13,5%?
Possible LongtermTarget: 21.250
What can we see?
In the long run, we see a huge bullmarket since 03/2009. Since 08/2015 the market consolidates very volatile.
The consolidation range reached from 15.400-18.000. The last bottom test earlier this year, formed a clear double bottom - the result was an exploding market which skyrocketed round about 2.700 Points!
Since 04/2016, this massive trend consolidated - a shortterm sideways market appeared.
Should the market test again the Niveau above 18.000 - a H&S-pattern would be formed. The target of this pattern is good for 2400 Points - 13,46%.
Below 17.000 Points, ist getting more and more risky.
What can we see?
In the long run, we see a huge bullmarket since 03/2009. Since 08/2015 the market consolidates very volatile.
The consolidation range reached from 15.400-18.000. The last bottom test earlier this year, formed a clear double bottom - the result was an exploding market which skyrocketed round about 2.700 Points!
Since 04/2016, this massive trend consolidated - a shortterm sideways market appeared.
Should the market test again the Niveau above 18.000 - a H&S-pattern would be formed. The target of this pattern is good for 2400 Points - 13,46%.
Below 17.000 Points, ist getting more and more risky.
Catatan
The RSI still signs further upwarts-chance, we are still not oversold yet Catatan
RSI!!! .... a dip down to 18.300 (former Tops) or better 18.100 (38,2 fibo) would be healthy and has to be exspected Catatan
aha Catatan
Catatan
1800 Points till yet ! Catatan
yihaaaa Catatan
that`s really crazy: Trading ditutup: target tercapai
2611 Points! 14,5%! cheers Catatan
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