GER40 Buy the 0.618 Pullback.GER40 - Intraday - We look to Buy at 15185 (stop at 15105)
The previous swing low is located at 15056.
The trend of higher lows is located at 15180.
We have a 61.8% Fibonacci pullback level of 15185 from 15737 to 14836.
We look to buy dips.
Our profit targets will be 15415 and 15475
Resistance: 15400 / 15500 / 15600
Support: 15300 / 15180 / 15050
Ger40long
GER40 Buy the oversold correction.GER40 - Intraday - We look to Buy a break of 15276 (stop at 15204)
We are trading at oversold extremes.
A break of 15270 is needed to confirm follow through bullish momentum.
20 4hour EMA is at 15470.
We look for a temporary move higher.
A lower correction is expected.
Our profit targets will be 15477 and 15517
Resistance: 15270 / 15400 / 15500
Support: 15100 / 15050 / 15000
DE40 Buy at 20 EMA.GER40 - Intraday - We look to Buy at 15821 (stop at 15757)
Daily signals are mildly bullish.
Short term momentum is bullish.
Previous resistance, now becomes support at 15800.
20 4hour EMA is at 15820.
We look to buy dips.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 15997 and 16017
Resistance: 15900 / 15980 / 16000
Support: 15800 / 15750 / 15700
