DE30EUR has bounced off its support at 12501 (76.4% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 12889 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 3.6% where a corresponding rise could occur.
waiting from the graphic to break fbo 23,6 level (12837) and touch up channel trend up tick and come back touch 23.6 level and continue to 13150 ' s , we can use as a stop lost level down channel breakout...
These are the levels that I have if the next angle (dotted red line) is lost. If it respect the angle I will use the chart "It seems that this orange still has juice" as reference.
Best wishes!
I would have liked to see it before, but it seems that there is still an opportunity. Although I have to be very careful with the "danger zone" it seems that we have a target.
I will use this publication together with "DAX Down" as reference.
Best wishes!!!
Price broke above trendline from the upside. RSI oversold with divergence. Price above 20EMA. 2 trades 1.5:1 2:1 RRR. 1st target 127.2%fib 200EMA resistance. 2nd target trend continuation. In my opinion the cycle isn't over we have some time before we get a recession. Bullish. Good Luck
DE30EUR CFD is currently trading under the 50 m.a which would suggest there could be downside momentum if it holds below the 50 m.a.If it fails to break the 12195.9 priceline i'll be going short til 11944.5 . The 11944.5 PL is important as it failed to break last August so it should be interesting to see if it will hold or breakthrough it. Im not ruling out any...
We are currently trading at S3 level which also has significant volume so this level ight not be easy to break but bears are strong, trend is bearish so we might see breaking this S3 level and keep going to S4 which is next major support.
At S4 it all could reverse and go for another bullish run and a new high.
