Please note that you should trade at your own risk. For this strategy, the Dax index should hit both take profits.
GER40 - Intraday - We look to Sell at 13618 (stop at 13681) Short term momentum is bearish. Short term bias has turned negative. Previous support at 13600 now becomes resistance. 20 4hour EMA is at 13640. Our profit targets will be 13451 and 13421 Resistance: 13600 / 13700 / 13800 Support: 13500 / 13400 / 13300
Because of the gap and the volume indicator, the bulls are weakening and bears get power. so the trajectory would be long but bearish.
GER40 - Intraday - We look to Sell at 13397 (stop at 13484) Daily signals are bearish. 13430 has been pivotal. 13438 has been pivotal. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 13171 and 13121 Resistance: 13200 / 13300 / 13400 Support: 13100...
GER40 - Intraday - We look to Sell at 12899 (stop at 12974) Daily signals are bearish. Bespoke resistance is located at 12900. Preferred trade is to sell into rallies. There is no clear indication that the downward move is coming to an end. Our profit targets will be 12704 and 12654 Resistance: 12800 / 12900 / 13000 Support: 12700 / 12600 / 12500
GER40 - Intraday - We look to Sell a break of 12729 (stop at 12802) Daily signals are bearish. There is no clear indication that the downward move is coming to an end. A break of the recent low at 17230 should result in a further move lower. Our short term bias remains negative. Our profit targets will be 12541 and 12501 Resistance: 12900 / 13000 /...
GER40 - Intraday - We look to Sell at 14118 (stop at 14201) Daily signals are bearish. 50 1day EMA is at 14080. Bespoke resistance is located at 14100. Preferred trade is to sell into rallies. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 13918...
GER40 - Intraday - We look to Sell a break of 13479 (stop at 13561) Daily signals are bearish. There is no clear indication that the downward move is coming to an end. A break of the recent low at 13483 should result in a further move lower. Our outlook is bearish. Our profit targets will be 13281 and 13231 Resistance: 13650 / 13720 / 13800 Support: 13500...
GER40 - Intraday - We look to Sell at 14149 (stop at 14231) Daily signals are mildly bearish. The previous swing high is located at 14162. 14189 has been pivotal. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 13941 and 13901 Resistance: 14100 /...
GER40 - Intraday - We look to Sell at 14176 (stop at 14251) Daily signals are mildly bearish. 50 4hour EMA is at 14175. Trading within a Corrective Channel formation. Trend line resistance is located at 14175. Our profit targets will be 13981 and 13921 Resistance: 14100 / 14200 / 14250 Support: 14030 / 13960 / 13900
GER40 - Intraday - We look to Buy at 14474 (stop at 14394) Short term bias is bullish. There is no clear indication that the upward move is coming to an end. 50 4hour EMA is at 14460. We look to buy dips. Our profit targets will be 14674 and 14714 Resistance: 14700 / 14800 / 14900 Support: 14600 / 14500 / 14400
GER40 - Intraday - We look to Sell a break of 14319 (stop at 14404) Daily signals are mildly bearish. 14323 has been pivotal. A break of the recent low at 14323 should result in a further move lower. Short term bias has turned negative. Our profit targets will be 14111 and 14071 Resistance: 14400 / 14500 / 14600 Support: 14300 / 14180 / 14105
GER40 - Intraday - We look to Sell a break of 14178 (stop at 14276) Daily signals are bearish. A break of yesterdays low would confirm bearish momentum. 50 4hour EMA is at 14230. The bearish engulfing candle on the daily chart is negative for sentiment. Our profit targets will be 13931 and 13841 Resistance: 14380 / 14500 / 14580 Support: 14180 / 14100 / 14000
GER40 - Intraday - We look to Buy a break of 14561 (stop at 14469) Short term bias is bullish. 14556 has been pivotal. A break of the recent high at 14556 should result in a further move higher. There is no clear indication that the upward move is coming to an end. Our profit targets will be 14788 and 14848 Resistance: 14400 / 14550 / 14800 Support: 14250...
GER40 - Intraday - We look to Sell a break of 14197 (stop at 14294) Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Previous support at 14300 now becomes resistance. A break of the recent low at 14220 should result in a further move lower. Our profit targets will be 13951 and 13901 Resistance: 14400 /...
GER40 - Intraday - We look to Sell at 13749 (stop at 13841) Our bespoke support of 13800 has been clearly broken. Previous support at 13800 now becomes resistance. We look for a temporary move higher. Preferred trade is to sell into rallies. Daily signals are bearish. Our profit targets will be 13505 and 13455 Resistance: 13500 / 13600 / 13800 Support:...
GER40 - Intraday - We look to Sell at 13028 (stop at 13153) Daily signals are bearish. Rallies continue to attract sellers. Price action produced another negative day, yesterday. Preferred trade is to sell into rallies. 20 4hour EMA is at 13060. Our profit targets will be 12707 and 12627 Resistance: 12700 / 12850 / 13000 Support: 12600 / 12430 / 12200
GER40 - Intraday - We look to Sell at 13969 (stop at 14101) Daily signals are bearish. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 20 1day EMA is at 13900. We look for a temporary move higher. Our profit targets will be 13626 and 13536 Resistance: 13950 / 14100 /...