It appears as tho Ger30 may have found some type of level of resistance around price level 14190. This may be the market giving us a Bearish signal? If so lets see if we can test the 50MA on the Daily. Risk to Reward 2.7:1 Entry 14015 SL 14155 TP 13662
Dax is bullish but to go higher I believe needs to go lower first. The correction may not be over whilst the high remains in place
- Under 14090 Down, target red line . Above 14100 up, target blue line
I expect it to be created asending or desending channel and after the break that channel Price is most likely push to up side Stay tuned
(Option 1) - Under 13960 Down till 13735 and 13400 . (Option 2) -Above 14100 Up till 14200
GER30 Retracedd back to the POI . We are taking a sell position from here confirmation checklist 1. POI 2. 78% FIB RETRACEMENT LEVEL 3. BREAK OF STRUCTURE
In our previous analysis, we’ve mentioned the potential head and shoulders pattern which has been created on the German index DAX. It seems that the neckline in this pattern has been broken and the index has dropped to the lowest level since the third week of December 2020. Thus, the mild bearish scenario seems to be completed, but the more aggressive bearish...
Entry price : 13360-13370 SL : 13295 TP : 13800 Use 1% risk
The Dax may have completed the blue x with today's low at 13469. At the ideal target of the green (c) and the yellow circled Y, the downward movement could be stopped for now. Whether this is sustainable and the Dax starts another attack on the all-time high from here, the next few days will show. However, my preferred scenario is a final high. The minimum target...
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 Resistance:...
GER 30 seem to have formed a double bottom around price level 13585 creating a new bullish trend, We may also have 3 white solders at the top of this trend around 13829. Lets see if we can test the top of price structure at level 14023. Risk to Reward 2.6:1
The German index DAX has been forming a potential head and shoulders pattern with possible right shoulder forming right now. Looking at the chart we could spot the nearest potential resistance at 13985 USD. This is the area where the right shoulder may end. If it happens we could expect a downward movement. The first confirmation for the head and shoulders...
Hey tradomaniacs, I smell fake-moves in the Forexmarket... US-DOLLAR retraced very well while the stockmarket moved up! By the way: DAX (GER30) is giving is a great opportunity here 👉 US-DOLLAR should drop if Indicies continue to be that strong❗️ Since prices vary from broker to broker I make no detailed call here. ;-) LEAVE A LIKE AND A COMMENT -...
GER30 - Intraday - We look to Buy at 13759 (stop at 13675) We look for a temporary move lower. Dips continue to attract buyers. We look to buy dips. Daily signals are mildly bullish. Trend line support is located at 13760. Our profit targets will be 14015 and 14088 Resistance: 14000 / 14030 / 14135 Support: 13900 / 13800 / 13700