Short DAX at 7740

[piranhaxp]

... it looks like we already have seen a "failure 5". But today, if I see the structure of the down move, I'm realy not sure about that. I will attach to charts so you can see what I'm talking about.

Kind regards.

Mike

 

[piranhaxp]

.... here the finished "failure 5" count :

 

[xty]

Quote from piranhaxp:

.... here the finished "failure 5" count :

so we going up now.............?

 

[piranhaxp]

.... here the possible "fake of the year" .... A counted "big 4" only on the cash index Dax daily uptrend and the continued connection from the last consolidation. Normally, "c"'s like this have a 5 wave count so we can see at least 1 tick new low below 5365.5 and then go up again to the 5580's/5600. But I'm realy not sure .... but still possible.

 

[piranhaxp]

I got some questions about a possible target below 5365 ..... OK, first : We already made one new low, but I think we could go dn to 5338/18 ... Worstcase : 5270

Kind regards.

Mike

 

[piranhaxp]

... wow .... I expected a consolidation up to 5430 max but not 5460 ... but we made the expected new low dn to my min target zone 5338/18 .... but this looks like more then a "4" ... there are more signs that we already have seen the "FINAL FAILURE 5" ... but we need the confirmation for this ..... Here my last chart for today .... :

Kind regards.

Mike

 

[ASusilovic]

Without comment...

 

[ASusilovic]

Euro-zone services Aug PMI 49.9 vs 45.7

U.K. services PMI highest in nearly two years

 

[ASusilovic]

Break on through to the other side....

 

[ASusilovic]

Take a look at the volume trend...