The_Cannalyst

EMA 200 = Buying trigger or Selling trigger?

Long
The_Cannalyst Updated   
FX:GER30   DAX Index
We are trading near a potential support level, the 38,2 fibo and the EMA 200...something will happen here :-) It`s a nice 1-2-3 game btw

former thread:
PS: I don`t like these kind of counetrtrades (buying a supportlevel) , i prefer to catch the breakout when "breaking the "2" like shown in my former view
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ema 200 was bought..rsi makes a Kind of buyxing Signal
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n1
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shortterm flag attack!
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YES!! short reached thought tp
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the first 70points are made!
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reached 0,5 fibo
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will that szenario come? ;-)
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reentered the sideways-tradingboy aiming the upper edge
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2 clear tradingmarks
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breakout-time?
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dax should not fall back below 12140
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this is the Kind of stuff which my dreams are made of
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exactly kissed the resist @ 12200
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the next bo..phantastic
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dax should not fall below 11190
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YESS
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12300-12400 is still the Pivot resist, the make-or-break-Level! Will Dax break through that resist, a new ATH could be made...
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the consolidation endet at the 38,2 min correction Level - tp still is 12300/12380
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Trading below the 38,2 fibo ~ 12.170 should initiate a selling wave down to 12.085..below that Level a kiss of the former low ~ 12.020 is thinkable - latest here the market has to turn around...!
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flag attack
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aha
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aha
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reached min tp H&S
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isn`t that a nice flag?
Trade closed manually:
new thread:
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no more flag
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wow..fast market
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Reached last Support (last low, ema 200) = tradinggmark
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if we break through the last "2", a therotical tp could be 11.600 . If the market will be bought at the ema200 again, the target 12300 still can be aimed..but that seems to be the last last Chance
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trading below the ema is also a trendbreak of the illustrated trend in this tf....!
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fotr my anticyclical risk Lovers..catch the knife :-)
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the procyclical (i prefer it) variante (breakout)
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is this a mini-bottom?
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?
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i think we will see lower lows :-)
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2 clear tradingmarks now...is this a kind of double bottom?
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rsi with a selling Signal in this tf
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short?
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