GER40 - Intraday - We look to Sell a break of 12999 (stop at 13091)
The bearish engulfing candle on the daily chart is negative for sentiment.
A break of yesterdays low would confirm bearish momentum.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
The bias is to break to the downside.
Our profit targets...
The German stock index (DAX) has been trading within a Channel Up (Higher Highs/ Higher Lows) since the September 29 bottom. Following the contact with the 4H MA50 (blue trend-line) on Wednesday's Fed Rate Announcement, the price has been rebounding strongly, aiming at the 1D MA200 (red trend-line).
Having already broken above the January 05 Lower Highs...
GER40 - 11h expiry - We look to Sell a break of 13098 (stop at 13171)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
50 4hour EMA is at 13140.
A break of yesterdays low would confirm bearish momentum.
A close below the key support at 13100 is expected to lead to further selling pressure.
The bearish...
GER40 - 14h expiry - We look to Buy at 13303 (stop at 13219)
There is no clear indication that the upward move is coming to an end.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 4 hour EMA is at 13300.
Our profit targets will be 13514 and 13554
Resistance: 13420 / 13450 /...
GER40 - Intraday - We look to Buy at 13231 (stop at 13149)
The bullish engulfing candle on the weekly chart the positive for sentiment.
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.
20 4hour EMA is at 13229.
Our profit targets will be 13439...
GER40 - 12h expiry - We look to Buy at 13172 (stop at 13089)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
There is no clear indication that the upward move is coming to an end.
We look for a temporary move lower.
We look to buy dips.
20 4hour EMA is at 13172.
Our profit...
GER40 - 11h expiry - We look to Buy at 12761 (stop at 12677)
Our short term bias remains positive.
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
A lower correction is expected.
Bespoke support is located...
GER40 - 13h expiry - We look to Buy a break of 12816 (stop at 12739)
Short term bias has turned positive.
A break of bespoke resistance at 12800, and the move higher is already underway.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 12997 and 13047
Resistance: 12800 / 12900 / 13000
Support: 12700 / 12600...
GER40 - Expires in 11 hours - We look to Buy at 12721 (stop at 12636)
Our short term bias remains positive. 12705 has been pivotal.
Bespoke support is located at 12700.
We look to buy dips.
Good risk reward to buy at market.
Our profit targets will be 12925 and 12985
Resistance: 12900 / 13000 / 13100
Support: 12800 / 12700 / 12600
Risk Disclaimer
The...
GER40 - Intraday 9pm UK expiry - We look to Buy at 12534 (stop at 12444)
Short term bias has turned positive.
A lower correction is expected.
Bespoke support is located at 12500.
We look to buy dips.
Our profit targets will be 12744 and 12794
Resistance: 12900 / 13000 / 13100
Support: 12800 / 12700 / 12600
Risk Disclaimer
The trade ideas beyond this...
GER40 - Intraday - We look to Sell a break of 12079 (stop at 12171)
Trades with a bearish descending triangle formation.
The bias is to break to the downside.
12096 has been pivotal.
A break of yesterdays low would confirm bearish momentum.
We look for losses to be extended today.
Our profit targets will be 11861 and 11811
Resistance: 12200 / 12300 /...
GER40 - Intraday - We look to Sell a break of 12389 (stop at 12471)
Daily signals are bearish. Short term momentum is bearish.
Short term MACD has turned negative.
50 4hour EMA is at 12406.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 12191 and 12131
Resistance: 12500 / 12600 / 12700
Support: 12400 / 12300 /...
GER40 - Intraday - We look to Buy at 12182 (stop at 12098)
With signals for sentiment at oversold extremes, the dip could not be extended.
A bullish reverse Head and Shoulders is forming.
Bespoke support is located at 12000.
We look to buy dips.
The bullish engulfing candle on the daily chart is positive for sentiment.
Our profit targets will be 12379 and...
GER40 - Intraday 9pm UK expiry - We look to Sell at 12185 (stop at 12256)
Daily signals are bearish.
Our bespoke support of 12200 has been clearly broken.
Previous support at 12200 now becomes resistance.
Preferred trade is to sell into rallies.
Our profit targets will be 12004 and 11964
Resistance: 12000 / 12100 / 12200
Support: 11900 / 11800 /...
GER40 - Intraday expiry 9PM UK - We look to Buy a break of 12353 (stop at 12269)
We are trading at oversold extremes.
A break of the recent high at 12350 should result in a further move higher.
A higher correction is expected.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 12558...
GER40 - Intraday - We look to Buy at 12452 (stop at 12359)
With signals for sentiment at oversold extremes, the dip could not be extended.
Weekly pivot is at 12426.
Weekly pivot is at 12374.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at...
GER40 - Intraday - We look to Sell at 12866 (stop at 12941)
Our short term bias remains negative.
Preferred trade is to sell into rallies.
50 4hour EMA is at 12871.
Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 12688 and 12648
Resistance: 12700 / 12800 / 12900
Support: 12600 / 12500 / 12400
Risk Disclaimer
The...
