On the daily chart, the last trading week will be as simple and temporally appropriate downward movement of the previous rise from that exactly up to 16,240 (resistance from last low of the subordinate downtrend - see thin red arrow curve) rise, and then to 16,000 sph brand sink, where it was bought up again to 16,180.
This wedged constellation (see blue-shaded circular areas as well as the 16,000 sph-line ) unless they 16.240 after the interim high north can exceed an upward signal would call into being, which can be seamlessly classified in the movement phase of the parent (large) upward (see green arrow curve).
If you look a little more closely and thereby pulls the break / detachment of the child upward trend (thin blue trendline sequence) by counter-signal (red trend line course) with a subsequent fall below the 15,660 added (see the red exclamation mark), you will find this market, despite the increase in the last few weeks, still in a (corrective) downward trend!
The round-Herverlaufen the prices in said resistance zone (see blue shaded rectangle) could very well pick up speed down the page and here again "pick up" buy orders that would be needed to be carried restart the parent upward trend (see red and green arrow curve). If not are enough buyers in such a scenario in the market and the low was below the long term by closing at 15.330 would be to expect falling prices, which would bring even the big uptrend in trouble when the last great depth at the feed through 14,715 to the south will.
The contrast from over - and minor trend situation calls for caution and close observation. In view of the still intact (large) upward rising prices are more likely than a price drop. The over-or undershooting of resistors and subsidies can serve here as a buy or sell signal generator.
Summary of significant price markets for the above procedure:
- 16,590 all time high / clear last high in the daily and weekly chart
- 16,550 interim high of corrective downtrend
- 16.240 interim low of corrective downtrend / close of trading range last climb
- 15,330 last low of the corrective downtrend
- 16,180 last uptrend high / point 2/Handelsschlußbereich last climb
- 16,000 major chart technical and psychological level / resistance range
- 15,660 openwork depth of the uptrend / 3 point - again exceeded
- 15,000 major chart technical and psychological level
- 147.15 last significant low of the large upward
The short-term is your trading, the more important is the knowledge of the publication dates of important economic news , here for the US-American space.
- Tuesday, 02/25/2014
- 16.00 clock CB Consumer Confidence USA - Wednesday, 26.02.2014
- 16.00 clock home sales USA - Thursday, 27.02.2014
- 14.30 clock orders of core commodities in the U.S. - Friday, 28.02.2014
- 14.30 clock U.S. GDP (quarterly)
- 16.00 clock Pending home sales in the U.S. (month)
