CAPITALCOM:DE40 touched GANN support 13,880 and 13,860. If these supports hold, we are looking at buying the index cfd towards 14,000+ levels from here. Watch the video for complete GANN analysis of the CAPITALCOM:DE40 index CFD. Good Luck with your trades! Luck Favors the Prepared Mind.
CAPITALCOM:DE40 Falling Wedge Pattern (Weekly) The index is testing resistance of the falling wedge once again for 5 weeks in a row. Weekly candle close above 400 will indicate a breakout from the downward trend with a target of 16,200 if the breakout sustains. Good Luck!
CAPITALCOM:DE40 backtested support around 14960 and rebounded to close above 14080 resistance yesterday. This signals a short term bottom formation with today's range being 14080 to 14230. CAPITALCOM:DE40 made a high above 14180 resistance and rejected to backtest the 14080 support so far today. We can expect DE40 to continue to rally above the R1 14330 next...