Sustainable 1-2-3-Long Signal?

The last valid green "2" could be overcomed! This is strong bullish. But at that level, a possible red "3" is sleeping. The RSi signs an overbought situation - u should exspect a corrective move every further trading session. As long Dax is trading above 10.500 all signs are green. If you have any questions - please write down your question in the comment area - i will answer you
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main view:
New midterm-longsignal above 9775

red vs. green counting..in my Chart i have illustrated the present resistance and support zones.
If Dax could overcome the resistance @ 9775 , a shortterm longsignal with tp @ 9.950 appears. The following TP could be 10.350.
Above 10.350-10.450 the midterm downtrend will break - that will generate midterm/longterm Targets @ 11.300/11.750/12.300
Above 12.350 there would be a BIG LONGSIGNAL --> TP 13.700!
If Dax is trading below the last green "3" respective the last red "2" i exspect a sellof with tp @ 7.250.

تعليق:

Within the uptrend, dax is forming a corrective downtrend these hours. At present, we are trading near the min. correction level, fibo 38,2 @ 10.532. The corrective wave can reach down to the max. fibo level @ 10.285. No later than here should the main trend resumed. The next cyclical-trend-tp could be 10.800, above that level 11.100!
Trading below that maximal correction level @ 10.285 means that dax could make a further downwave to 10.100 respective 9.900