Is the holy 61,8 Fibo again the level for a turnaround?

6 Jul 2016

The consolidation reached the maximal correction fibo-Level 61,8. Here a Turnaround could start. TP could be 9850.
On ist way up, several resistances appear: 9560/9750
Prices belwo the significant Low at 9158 will cause a selloff.


Former Analysis:

6 Jul 2016

Nota

oh oh..that smells bearish (shortterm)

6 Jul 2016

Nota

6 Jul 2016

Nota

faster than a speedy bullet..ups

6 Jul 2016

Nota

wowwww..reached Min. TP H&S...Top!

6 Jul 2016

Nota

also reached Max. TP !!! puhhhhhhhhhh

7 Jul 2016

Nota

on it`s way up are several resists: 9497 / 9557 / 9618

7 Jul 2016

Nota

microstructure also bullish with a flag

7 Jul 2016

Nota

flag target nearly https://reached...https://www.tradingview.com/x/wfxJDtaM/

7 Jul 2016

Nota

dax should not trade again below 9400 from now on! below that Level, the Sentiment again turnes bearish

8 Jul 2016

Nota

last but not least....

11 Jul 2016

Nota

nearly reached tp....above this Level, i exspect a firther upwave the next days