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DAX Index
Long

Kissed EMA 200 + Bullish H&S = Long?

By The_Cannalyst
Updated
Former thread:
EMA 200 = Buying trigger or Selling trigger?
EMA 200 = Buying trigger or Selling trigger?
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dax reached resist...watch the rsi -rsi has reached the overbought area snapshot
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nice nice nice nice nice snapshot but watch the rsi! he is overbought now
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Trade closed: target reached
wow!!! snapshot
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in the shortterm view we see a classical bullish flag. snapshot
below 12.900 a sharp selling wave could be initiated
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longterm/midterm view: snapshot
The market is stron -really strong! So a direct buyingwave up to 13.000/13.600 is possible. If we have a look at the shortterm flag, that could be a thinkable move. On the other Hand we made a 1100 Points move, so a consolidation would be normal and healthy (Have a look at the VDAX!!). Also have a look at the RSI, he is in the overbought area, so the likelihood of a consolidation increases.
Summa Summarum: The 13.000 is THE LEVEL TO WATCH. Long > 13.000, waiting as Long as <13000 - that seems simple :-)
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an opportunity for my anticyclical risk Lovers? snapshot
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and here the procyclical breakout variante (my favourite): snapshot
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wow wow wow snapshot
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Head and ShouldersSupport and Resistance
The_Cannalyst

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