sell dax targeting 12200 with the sl 12990
Longterm up trendline gets respected and price is making consistently higher highs / higher lows. Possible another impulsive move into the previous highs which would also be my target area. Trade with care! - chartingfeed
Today's German market closing and Tomorrow's German market breaking today's high will declare supreme bullishness for the rest of the week. Its a very important pivot day today. My personal view it - It will not sustain the breakout and will end up in consolidation ahead of Monthy expiry. I do not see extreme downside too.
Technical Analysis-The 4 hour is turning up against 3/16/2020 low as the Daily correction has ended. 1 hour is turning up. However, while near-term bounces fail below 10988 high expect index to extend lower for few more lows before it finished correcting the cycle from 3/16/2020 low as a zigzag structure & resume the upside. Sell GER30 @10340-360 TP: 10090 Sl:...
DAX under formation of bearish BAT and Cup n Handle patterns
Dax falling with strong resistance looking at 15 min chart looks like swing low breakout to be considered for short with stop at 11150.Trade just according to your style, this is just my view
Short 20600CE with stop loss at the black line but on closing basis stop loss. Rationale - Synthetic movement with Ger30
The weekly right side is up against 3588, the daily & 4 hour are turning down against the 2/17/20 highs. While above 9338 the index can see the 11234-11680 area. While below the 2/17/20 highs the index can see another swing lower to correct the cycle from the 2009 lows.
Support Broken, next Support 8000 #DAX #GER30
The 4 hour right side is up against 12883 low from 12/10/2019. The hourly right side is up while above 12942. While above there expect the index to extend higher toward the 14000-14250 area in the daily wave ((3)) before it corrects the cycle from the 8/15/19 lows.
GER 30 Weekly Trade Setup
TREND ANALYSIS Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Global Markets Like Europe Germany France has started Falling. Indian Market already falling since a month. So do not Buy Stocks or...