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Dax30

DAX to turnaround at all time highs?GER40 - 24h expiry We are trading at overbought extremes. Price action continues to trade around the all-time highs. The previous swing high is located at 16333. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Rallies should be capped by yesterday's high. Bespoke resistance is located at 16300. We look to Sell at 16299 (stop at 16399) Our profit targets will be 16049 and 16009 Resistance: 16300 / 16340 / 16400 Support: 16280 / 16235 / 16200 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURShort
by OANDA
UPDATE DAX Target hit 16,333 still heading upDAX formed two powerful patterns. The bigger one was a Falling Wedge & the smaller one was a Reverse Cup & Handle (Which I believed I made up, in case you go Google and not find it :P) The price broke up and headed straight to the top of the wedge which is a decent target for the pattern. 7 >21 >200 Target hit at 16,333 Now this trade was a tough one because even though it hit the target, we held on FAR too long. The daily costs do add up as well as the opportunity cost of holding. even though profits were realised, these are the kinds of things we think about as traders. ABOUT THE DAX The DAX, or Deutscher Aktien Index, is a key stock market index in Germany Foundation: The DAX was launched on December 30, 1987, by the Frankfurt Stock Exchange. Composition: The DAX tracks the performance of 30 of the largest and most liquid companies on the Frankfurt Stock Exchange. Selection Criteria: Companies included in the DAX are selected based on market capitalization, book value, and their importance to the German economy.
XETR:DAXLong
by Timonrosso