The price is rising toward our buy entry at 16721.96, which is an overlap resistance and could breakout and rise to our take profit at 16955.74, the swing high resistance level. The stop loss will be placed at 16397.87, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be...
Start your week by identifying the key price levels and trends. The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex. ---------------------------------------------------------------------------- Germany 40 The Germany 40 shows a bullish trend, near record highs with a rising VWAP at 16,535. Current...
Watching the DAX on a lower timeframe channel, which seems to be in consolidation as the downward momentum has slowed down. Looking for signs of accumulation in previous area of demand. Looking for price turn bullish and get a break & close above 16765 on 1H timeframe to hold long position to 17000. Price might shoot past it should it return to that level. Overall...
Targeting 50% is a habit I will always go by and this is because 50% is always hit during wave 2. I would rather hold for something guaranteed instead of the other target.
GER40 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Current prices have reacted from a low of 16662, however, we expect further losses to follow. Price action resulted in a new all-time high at 17004. An Evening Doji Star formation has been posted at the high. A break of the recent low at...
GER40 TRADE BUYING TRADE IDEA The key buying level Entry Point: 16765.17-16690.17 Stop Loss:16229.17 Take Profit: 17000.17
Dax looks so good for a short. I can clearly see a broke down of a weekly trendline on higher timeframe. On lower timeframe we can also see a break of a short-term trendline, short squeeze and drop. My indicators also shown a good divergence on h4 timeframe, and a drop is gihly expected
✅DAX is trading in an Uptrend and the index broke The key horizontal level Of 16,500 so I am bullish Biased now and I think that We will see a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures.
The price failed to break this support level to the downside. Doji candle formed by the support region, however, so I am pretty confident it will retrace upwards in the upcoming week.
Day is still a strong trend for buy where we can look for sell on H4 or H1. Day >> buy H4, H1 sell to buy at Day zone
DE40 for 19-2 DEC 23 Day is still a strong bull market where we can see the reversal in smaller time frame such as h1, h4 and m30 where we could find opportunity to sell. Happy trading everyone !!! M30 H1 H4 > Sell Day > Buy
DAX is trading inside a Channel Up pattern since October 27th and it has been intact for so long that the 1D timeframe remains overbought (RSI = 78.050, MACD = 373.200, ADX = 82.264). Since it is holding the 4H MA50 over the bottom of the Channel Up, we remain bullish aiming at a +4.66% rise (TP = 17,400), which is the lowest it has registered inside this pattern....
Note: The Market Currently ranging on 1YR TM , Within the TM the are 3 Confirmation Observed: 1.9 Month 1-2 RTM =bullish Trend 2.2Months 1-2 RTM- Bullish Trend Additionally: Pin Ball buy and ROC new Low =Bullish 3.Daily has First Close below the SMA -This appears as Flag on 240 and 120 TM. Entry: Look For 3 pushes on 5,15,30 Minutes Time Frames This...
The German DAX has been riding high (new all time highs) due to the expectations that the ECB (European Central Bank) would be providing some needed rate cuts in the near future to the ailing German economy and the Eurozone. The DAX, as a result, has rallied to all time highs in recent weeks. Following the ECB meeting the DAX is now seeing a technical bearish...
the first time ive bothered shorting this rally. i think its time, diverging from other indices and showing some good weakness.
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures.