After triggering the bearish wedge and reaching the min correction fibo, illustrated in my main view:
we can see that something like a bottom is formed!? We could overcome the shortterm downtrend.
If we have a look at the last two Lows we can see that the lows are ascending - that could be a first bullish Signal.
Trading below These lows should initiate the next downwave with TP1: 1180/TP2:1167 If we could establish above the Niveau at 1195 the likelihood is good for a countermove upt to 1.218/1.221
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YES YES YES... it was a bullish Signal!
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rsi is overbought now..if xaus could establish itself above 1218 further upwaves are thinkable Trading below 1218 could initiate a shortterm "selloff"
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Check!!!
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when we could defend this resisitance than support level at 1.245 the next buying wave could be exspected tp1 1265/ tp2 1281 trading below 1240 is dangerous now
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RSI is still overbought... trading below 1240 could initiate a consolidating downwave
Difficult case MaryJane.
I'm still waiting for long to 1280 or up ;-) we can bounce up to 1225-35 and than short, next szcenerio ;-) to the upper trendline of the triangle and than short....