Update: Bullish Flag good for further 650 Dow-Points?
Is the bullish Flag good for further 650 Dow-Points?
Trading below 18.250/ 18.050 will question the flag
Comments and other ideas are Welcome -Agree or Disagree
Regards Mary
Main View:
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.
Trading below 18.250/ 18.050 will question the flag
Comments and other ideas are Welcome -Agree or Disagree
Regards Mary
Main View:
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.
Note
Note
reached the bottom of the flag = action pointNote
Trade closed: target reached
Trade closed: target reached
reached H&S target Note
Note
next upmove ahead? Note
Note
Note
Trade closed manually
my lovliest trade... Note
it was not the badest idea to Close it manually.....let`s see how deep the consolidation will dip
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