DAX hit today the 1D MA200 (orange trend-line) for the first time since November 04 2020, which was the period of the U.S. elections. That was at the start of a very aggressive end-of-the-year rally.
Right now the index is rebounding after having made a Double Bottom just below the 15040 Support. If we also consider the July 19 Low, then this can be treated as a...
GER40 - Intraday - We look to Buy a break of 15702 (stop at 15657)
A break of yesterdays high would confirm bullish momentum.
A break of bespoke resistance at 15700, and the move higher is already underway.
Expect trading to remain mixed and volatile.
Our short term bias remains positive.
Our profit targets will be 15827 and 15847
Resistance: 15650 /...
Ger30, after getting strong retest I expect will be make downtrend under red zone ,
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Downward
Entry: under 15700
Tp.: 15500 & 15300 & 15120
Sl.: 15850
GER40 - Intraday - We look to Buy a break of 15602 (stop at 15557)
Bespoke resistance is located at 15600.
A break of yesterdays high would confirm bullish momentum.
There is no indication that the rally is coming to an end.
Prices have reacted from 15015.
Our profit targets will be 15729 and 15749
Resistance: 15600 / 15650 / 15700
Support: 15550 / 15500 / 15450
DAX is rebounding after approaching two key pressure levels: the 1D MA200 (orange trend-line) and the 15040 Support (1). Last time the price rebounded on the level, it topped at 16,030 (current Resistance) after consolidated within a mini Bull Flag around the 1D MA50 (blue trend-line). The Flag signal is the MACD Bullish Cross so keep an eye.
The medium-term...
Dax, downwarding of dax will continue because should be break resistance line at 15650 .
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Downward
Entry: under 15500
Tp.: 15300 & 15150 & 15020
Sl.: 15650
GER40 - Intraday - We look to Buy a break of 15404 (stop at 15359)
Expect trading to remain mixed and volatile.
The current move higher is expected to continue.
A break of yesterdays high would confirm bullish momentum.
50 4hour EMA is at 15530.
Our profit targets will be 15535 and 15555
Resistance: 15400 / 15450 / 15500
Support: 15350 / 15300 / 15250
I'm thinking this sell off needs a double V confirmation before it heads off higher. Time will tell.
I'm currently on the sideline playing only small scalps. No big entries at the moment.
