GER40 - Intraday - We look to Buy at 13867 (stop at 13787)
Levels below 13860 continue to attract buyers.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
A lower correction is expected.
Our profit targets will be 14066 and 14096
Resistance: 14083 / 14160 / 14200
Support: 14000 / 13960 / 13860
Risk Disclaimer
The trade...
Gm
Today we opened DAX,with a gap which has been closed few hours later, and now we’re looking at price action near psychological level - 14 000.
Bullish:
(Higher low and support at point of control? ~13885?)
In this moment I’m checking if price action forming triangle pattern and if it could break out and boost price from current level to ~14160 and even ~14220...
GER40 - Intraday - We look to Buy at 13909 (stop at 13829)
Levels below 13850 continue to attract buyers.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
50 1 day EMA is at 13900.
We look to buy dips.
Our profit targets will be 14109 and 14149
Resistance: 14000 / 14100 /...
DAX40 - Intraday - We look to Sell at 14214 (stop at 14291)
Short term bias has turned negative. Previous support at 14200 now becomes resistance. We look for a temporary move higher. Preferred trade is to sell into rallies.
Our profit targets will be 14031 and 14001
Resistance: 14040 / 14100 / 14200
Support: 13956 / 13900 / 13800
Please be advised...
GER40 - Intraday - We look to Buy at 14302 (stop at 14229)
Daily signals are bullish.
A lower correction is expected.
20 1day EMA is at 14302.
The 1 day moving average should provide support at 14300.
We look to buy dips.
We look for a temporary move lower.
Expect trading to remain mixed and volatile.
Our profit targets will be 14488 and 14538...
Bearish flag and a turnaround yesterday right on the fib 50 level. Now it's trading around 14300 and the price tested the fib 38.2 level.
I think it will break the flag in the next one or two hours and afterwards move towards the Thursday lows. A break through the support at 14190 will give the price more downside momentum.
My first target is the fib 100%...
Today the German stock market (DAX) completed a Golden Cross pattern on the 1D time-frame, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). That is technically a bullish formation and that is what we interpret it as, at least on the long-term. Historically a 1D Golden Cross delivers new Bull Phases on DAX and it was such...
DAX has been moving in a strong Falling Wedge this year.
Since it broke up and out of it, we've seen the Moving Averages cross and look bullish.
7 >21 >200
My first target remains at the previous high (start of the wedge).
Target 16,375
GER40 - Intraday - We look to Sell a break of 14239 (stop at 14331)
Short term bias has turned negative.
The trend of higher intraday lows has also been broken.
Our outlook is bearish.
We look for losses to be extended today.
A break of yesterdays low would confirm bearish momentum.
20 1day EMA is at 14240.
Our profit targets will be 14012 and 13962...
The price failed to break above the 4H MA50 (red) and dropped more to a new Low. This is getting closer to our 14,150 short-term target just above the 14,130 Support (formed from the low of November 15th). 4H is now close to oversold territory (RSI = 34.750, MACD = -47.400, ADX = 59.234) so we might see a short term rebound back to the 4H MA50 (14,446.70 and...
GER40 - Intraday - We look to Buy at 14433 (stop at 14364)
Intraday signals are bullish.
Our short term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
The trend of higher lows is located at 14430. We look to buy dips.
Our profit targets will be 14598 and...
Hello,Traders!
DAX just can’t reach the resistance
But it is moving in the direction
So when we finally see the retest
I think the price will make
A nice bearish pullback
Sell!
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DAX40 - Intraday - We look to Sell a break of 14319 (stop at 14401)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Posted a Treble Top formation. A bearish Head and Shoulders is forming. A break of yesterdays low would confirm bearish momentum. Spikes (rejections) can be seen in both directions highlighting...
