GER40 sluggish startfor this oneCommunity discussions
๏ปฟGER40 sluggish startfor this one
GER40 hit that daily bottom
GER40 โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
CRITICAL SUPPORT & RESISTANCE LEVELS
RESISTANCE ZONES (Sell Targets):
R1: 23,920.50 (First Profit Zone - 49.4 points) | RSI 65-70 zone
R2: 23,985.75 (Intermediate Target - 114.65 points) | EMA 20 confluence
R3: 24,065.25 (Strong Resistance - 194.15 points) | Weekly pivot + Gann angle
SUPPORT ZONES (Buy Opportunities):
S1: 23,815.30 (Initial Support - 55.8 points) | 15m Bollinger Band lower band
S2: 23,745.60 (Intermediate Support - 125.5 points) | SMA 50 daily level
S3: 23,670.40 (Strong Support - 200.7 points) | Harmonic reversal node
CURRENT PRICE ACTION
Index consolidating 23,850-23,895 (45-point range). Ichimoku cloud below price on 4h = bullish bias. RSI at 54 (neutral-bullish) on 1h. Volume building = breakout directional move likely within 90 minutes. Wyckoff accumulation phase near completion.
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ENTRY & EXIT SETUPS - INTRADAY EXECUTION
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BULLISH SETUP (Optimal on 5m breakout):
ENTRY: 23,895.75 (Break above consolidation high + candle close confirmation)
STOP LOSS: 23,835.00 (Beneath S1 by 0.30 risk)
TARGET 1: 23,920.50 (24.75 points) | Scale 50% profits
TARGET 2: 23,985.75 (90 points) | Scale 30% profits
TARGET 3: 24,065.25 (170 points) | Hold 20% to runner with trailing stop at 24,020
RISK/REWARD: 1:5.3 ratio | Risk 60.75 to win 325.75
BEARISH SETUP (Optimal on 1h rejection):
ENTRY: 23,825.40 (Break below consolidation low + rejection candle)
STOP LOSS: 23,895.00 (Above R1 by 0.30 risk)
TARGET 1: 23,815.30 (10.1 points) | Scale 50% profits
TARGET 2: 23,745.60 (79.8 points) | Scale 30% profits
TARGET 3: 23,670.40 (154.8 points) | Hold 20% with trailing stop at 23,700
RISK/REWARD: 1:2.4 ratio | Risk 69.60 to win 169.60
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DE30EUR Retest of Head & Shoulders Neckline to sell to the downside
DE40 awesomeee on timee
GER30 24050 and then bounce back up?
DAX Long or short?
DE40 Yep was worth the wait. Getting these slow climbs then quick drops just makes it all worthwhile.
DE40 All day yesterday I waited for it to hit my sell limit of 24500 and this morning it finally did. I hope it was worth the wait.
GER40 ๐ฏ EXECUTION FRAMEWORK & SCENARIOS
DOMINANT BULLISH SCENARIO:
Activation Trigger: Hourly candle closure exceeding 24,080 with intraday volume acceleration
Price Objectives: 24,175 (R1) โ 24,245 (R2) โ 24,330 (Weekly Apex)
Downside Guard: Stop placement below 24,000 (Triple formation base breach)
CONTINGENCY BEARISH SCENARIO:
Trigger Point: Failure from 24,105 + Closing below 4H support + Volume washout
Target Zones: 23,980 โ 23,900
Protective Stop: Above 24,150
๐ PRICE LEVEL HIERARCHY
Resistance Cluster: 24,105 | 24,175 | 24,245 | 24,330
Support Foundation: 24,015 | 23,980 | 23,900
