GER30 - Intraday - We look to Buy at 15181 (stop at 15129)
Daily signals are bullish.
We look to buy dips.
Pivot support is at 15176.
The previous swing low is located at 15160.
20 1day EMA is at 15157.
Our profit targets will be 15323 and 15363
Resistance: 15300 / 15350 / 15375
Support: 15280 / 15250 / 15200
GER30 - Intraday - We look to Sell a break of 13559 (stop at 13669)
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
We look for losses to be extended today.
A break of 13560 is needed to confirm follow through negative momentum.
Pivot support is at 13220.
Our profit targets will be 13252 and 13151
Setup: The index collapsed following the global economic meltdown. We are currently seeing a possible retest of the 38% fib level after being rejecting at the 50% level, indicating weakness in the buying forces in the markets.
Trade: Selling the index at the current level, setting the SL slightly above the last high at the 50% fib, and the TP at the corresponding...
The H4 candle closed above the Support/Resistance Zone and its a huge probability that it will rise up!
- The trend is bullish;
- The price made a false breakout;
- Potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analyze.
Write your comments and questions here!
DAX - Potencial Reverse H&S Pattern?
Also we see Bullish Flag.
Possible targets on the chart.
Alternative scenario - Red Arrow.
Let`s see. Wait for the candle to close.
High risk trade! I will comment on the idea, as events unfold.
Thank you for your attention.
The DAX (Deutscher Aktienindex (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Germany is the strongest economy in Europe. But in Europe is not very good there are more indebted debtors Greece, Italy, Spain ..., England has already fled the sinking ship. And the situation...