Sell your GER40. Short long-term setup.The GER40 index is currently in a critical phase, with a key sell zone identified between 20,150 and 20,200. Traders looking to short this area could have a favorable long-term setup, with a target price of around 19,000 by January 2025. If the index breaks below this level, it may signal further we
sell 20405 with 3 tpi sell it at 20405
with for sure till 2nd tp
-much overbought
-data are bad
-pure speculation
-us stock too are up
-all on historical high
-nfp today
-end of the week
-French crisis
-Ukraine
and more n more
A legit correction is to come
Possible correction and then upward continuationThe Dax was in a consolidation phase which turned out to be a bullish flag because price managed to break out and stabilise above this correction structure. As the indice is developing, price may correct a bit tageting the region between the 19600 and 19500. However, if price action fails to drop an
DAX is showing a dangerous pattern‼️DAX is showing a dangerous pattern
The german index, XETR:DAX has been in a strong bull market for a long timet, but recently we had a confirmation of a RISING WEDGE PATTERN (in blue).
✅ What does a RISING WEDGE PATTERN imply?
Rising wedges are usually formed at the end of trends and when th
DE40 (German Index) – Update on Yesterday’s ProjectionDE40 (German Index) – Update on Yesterday’s Projection
As projected in yesterday’s analysis, DE40 has successfully broken to the upside, confirming the bullish momentum. Now, the key focus should be on waiting for the price to retest the critical zone at 19,675.
Potential Trade Opportunity:
If the
DE40 (German Index) – 1-Day Time Frame AnalysisDE40 (German Index) – 1-Day Time Frame Analysis
The price of DE40 is nearing its all-time high at 19,677, and we’ve seen strong bullish momentum over the past several weeks. Based on this trend, there’s a good chance the price may continue to rise.
Two Scenarios to Watch:
Possible Reversal:
While
DAX 40 Index Closes Above 20,000 for the First TimeDAX 40 Index Closes Above 20,000 for the First Time
On 24 October, we noted that the DAX 40 stock index (Germany 40 mini on FXOpen) was losing bullish momentum and could break downward from the Bearish Rising Wedge pattern (marked with black lines).
Since then, as indicated by the orange arrow on
GER30We looking for selling opportunities as the market is respecting the ceiling zone which is the resistance resulting in sells to the downside| 1H TIMEFRAME
DAX - time for another SHORTTeam, earlier we short DAX got more than 70 points
we are now RESHORT at 19715-20 with STOP LOSS at 19745-50
target 1 at 19672-65
target 2 at 19632-45
target 3 at 19312-19596
NOTE: Once the price drop below 19690, bring STOP LOSS TO BE.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
Germany 40 CFD reached its highest quote on Oct 21, 2024 — 19,684.9 EUR. See more data on the Germany 40 CFD chart.
The lowest ever quote of Germany 40 CFD is 2,188.8 EUR. It was reached on Mar 12, 2003. See more data on the Germany 40 CFD chart.
Germany 40 CFD is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy Germany 40 CFD futures or funds or invest in its components.