Little Consolidation ahead?

Diupdate

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

The microstructure seems to be a bit stressed out....several candles out of the BB`s! Typical would be a retest of the flags breakout Niveau - here the orange arrow..dip to the min. fibo @ 10.022. The Region between the other fibos 9976-10.022 are potential buying Levels if you believe in further highs.

Trade aktif

example intraday short...the rsi is strong overbought, but there is no selling sign at the https://momenthttps://www.tradingview.com/x/81ci2sb8/

Catatan

any ideas? any comments? what are your patterns for today dear followers

Catatan

27 Points for breakfast are ok :-)

Catatan

scalpers: don`t Forget to trail your stop!

Catatan

more that 450 Points...in this trades i tend to half the Position..rsi now generates a sell Signal in this timeframe

Catatan

1 min Chart:

this possible H&S could dax drop to the tp :-)

Catatan

2 clear Action Points in this timeframe ..sell the test of the upper edge or buy the breakout....buy the bottom edge or sell the breakout

Catatan

a follower asked me where to open the shortposition..here was my example. half Position opened at 10.084 (half - because we haven`t reached the mentioned upper Action Point) ..then adjusted the stop

Catatan

stop reached ... the next 19 points

Catatan

wow

Catatan

the rsi told the truth this morning - now he signs a oversold Situation..we have reached all fibos

Catatan

The RSI in combination with the fibos made a good job today. The holy 61.8 fibo was bought directly, now the today really strong market seems to wanna break out and make a new green 22" Prices above the highs of today have to been seen as strong bullish in that timeframe. Those who want to trade against the trend could fix that level with sl a bit higher than the highest high (@ 10.098)

Catatan

it seems to be breakout-time .. -but beware of the RSI :-9

Catatan

adjusted view..same scheme

Catatan

nice triangle Situation

Catatan

nice flag now

Catatan

now or never...flag....now a inverse H&S..will this H&S trigger the flag? 10.060- 10.070 is hard to beat!

Only prices above 10.070 will activate these pattern, Prices below 10.028 will damage that setup
The shown position is a pending stoppbuy order, not active at the moment

Catatan

here is the breakout..if there is no more power behind it it could be a fake...i will see more volume

Catatan

there is no power behind the move..perhaps the 10.070 hurdle is too high in front of the weekend

Catatan

here are no more buyers at this moment ..the candles sign it:

Catatan

adjusted flag, still the same triggers H&S is passe.

Catatan

no matter what it really ios, it is definetely an intereesting action point ...good for shorts or longs , both sides are justified ..perhaps it is the next shortchance...

Catatan

there seems to be no power any more - weekend-style - a propos weekend: have a good one! c u

Catatan

Here are the levels to watch - potential action points

Catatan

here we go..the next breakout is in full swing..the RSI signs a temporarily top in that shortterm timeframe

Catatan

Perfect!

The_Cannalyst

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