Kissed EMA 200 + Bullish H&S = Long?
Former thread:
EMA 200 = Buying trigger or Selling trigger?
EMA 200 = Buying trigger or Selling trigger?
Trade active
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dax reached resist...watch the rsi -rsi has reached the overbought area Note
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nice nice nice nice nice Note
Trade closed: target reached
wow!!! Note
in the shortterm view we see a classical bullish flag. below 12.900 a sharp selling wave could be initiated
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longterm/midterm view: 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? Note
and here the procyclical breakout variante (my favourite): Trade active
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wow wow wow Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.