DE30 15M
Updated
Summary:
- Short-term sentiment remains bullish
- DE30 has bounced off the lower boundary of the 1:1 structure
- The downward correction has stalled at a moving average with a period of 100
Recommendation:Trade: Long position on DE30 at market price - Take profit 1: 15 465
- Take profit 2: 15 515
- Stop loss: 15 305
Justification:DE30 started the new week with an upward move, but the buyers failed to hold the direction and a downward correction started. However, looking at the M15 interval, the downward movement stopped at a key short-term support. The green area on the chart below is marked by the lower boundary of the 1:1 structure, the previous price reaction and the 100-period moving average. As long as price is above support at 15,367 points, the base case scenario appears to be a continuation of the move higher. We recommend entering a long position on DE30 at the market price with two targets: 15,465 and 15,515. We also recommend placing a stop loss order at 15 305.
Source: xStation5
Trade closed: target reached
Take profit 1: 15 465Note
Take profit 2: 15 515Trade closed: target reached
Take profit 2: 15 515
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.