The strategy is to go LONG on the break of the HIGH of the second 15min bar after the open, or SHORT on the break of the LOW of the second 15min bar after the open.
Today we got a Long signal.
PT is placed at significant price levels on the chart.
SL is placed just below the signal bar.
Price action looks stil in a corrective mode, so as long as we stay below 15269, I am looking for another leg to the downside into FIB ZONE AREA around 14725
DE30EUR has formed an advance harmonics pattern shark on its hourly chart.
The price is trading above the entry level EL 13471.3 with possible targets projections
TP1 13888.5 78.6% XCD
TP2 14044.8 100% XCD
Shorting $DAX from 15,000 technically looks a good price, target is 14500.
Scholz will announce tanks delivery to Ukraine today, Russia's response will certainly hit Germany's energy sector for punishment.
Like many indices, the DAX has enjoyed a strong start to the year after a dismal ‘Santa’s rally’. But after a 9% rally this month and early signs of a potential top, perhaps it is time for the DAX to pull back from its highs.
If we look at the daily chart, the market formed a small top and daily close below 15,000. Whilst prices are back above the milestone...
DAX is technically bullish 1D (RSI = 63.054, MACD = 197.400, ADX = 59.303) but neutral on 4H as it broke below the 4H MA50. In a repeat of December 5th, we may see a strong pull back targeted at the 4H MA200, so be ready to sell below S1 with TP = 14,600.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are...
The recent outbreak has taken place on Thursday with a sudden drop. On Friday we failed to close the open window and did not develop any bullish power. It seems to be more likely now that the December-January rise will retrace now.
At the first day of January the index opened with a window. It may work like an attractor in addition.
Meanwhile the main trend...
GER40 - Intraday - We look to Sell at 15258 (stop at 15348)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We look for a temporary move higher.
A lower correction is expected.
Our profit targets will be 15038 and 14988
Resistance: 15130 / 15200 / 15272
Support:...
Technically DE30 trend has reversed bullish after breaking out and printing a higher high, now looking for a good long entry price, 13333 loos juicy with an amazing RRR.
This is only valid if no major news happened.
DAX rally has stalled at the weekly resistance. DAX is one of my favorite of all the indices. Might pull back and then have a run at the resistance again.
The move from the bottom it is still in 3 waves and it does look corrective in nature...we only have to see if it is wave 4 or if wave B already is on its way....in both scenario I see another leg to the downside
#19
GER30 SHORT
Risk 1%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market...
GER40 - Intraday - We look to Sell a break of 14897 (stop at 14986)
Short term momentum is bearish.
A break of resistance at 14900 should lead to a more aggressive move higher towards 14800.
We look for losses to be extended today.
We are trading at overbought extremes.
Our profit targets will be 14681 and 14651
Resistance: 15050 / 15130 / 15200
Support:...
