DE40 Sell the daily pivots.GER40 - Intraday - We look to Sell at 15998 (stop at 16066)
We are trading at overbought extremes.
Daily pivot is at 16031.
Daily pivot is at 16005.
Resistance is located at 16000 and should cap gains to this area.
We look for a temporary move higher.
Price action continues to trade around the all-time highs.
Our profit targets will be 15811 and 15761
Resistance: 15950 / 16000 / 16030
Support: 15900 / 15850 / 15800
Dax30
GER40 Sell the top.GER40 - Intraday - We look to Sell at 16044 (stop at 16104)
Following yesterday's doji the overall trend has stalled and a reversal is possible.
We look for a temporary move higher.
A higher correction is expected.
We are trading at overbought extremes.
Our profit targets will be 15871 and 15851
Resistance: 16060 / 16100 / 16150
Support: 16000 / 15950 / 15900
DE40 Sell a break.GER40 - Intraday - We look to Sell a break of 15389 (stop at 15454)
Daily signals are mildly bearish.
We are trading at overbought extremes.
Trend line support is located at 15460.
The previous swing low is located at 15390.
50 4hour EMA is at 15420.
20 1day EMA is at 15400.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 15201 and 15181
Resistance: 15550 / 15600 / 15650
Support: 15500 / 15450 / 15400
DE40 Buy a break setup.GER40 - Intraday - We look to Buy at 15522 (stop at 15454)
Daily signals are mildly bullish.
Dips continue to attract buyers.
Short term bias has turned positive.
20 4hour EMA is at 15520.
We look to buy dips.
Our profit targets will be 15709 and 15729
Resistance: 15600 / 15650 / 15700
Support: 15550 / 15500 / 15450
DE40 Sell a break.GER40 - Intraday - We look to Sell a break of 15398 (stop at 15461)
Trend line resistance is located at 15530.
Offers ample risk/reward to sell at the market.
Daily signals are bearish.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Our profit targets will be 15224 and 15204
Resistance: 15530 / 15600 / 15650
Support: 15500 / 15400 / 15300
next open gap on cash dax =15850 put buystop on high is very good idea , if dax break high , can start new + trend
earning news ( like Tesla) comes very good ,it can push dax to 16000 even 16300 (fibo 161%)
advice dont pick sell signals until 16000 , sell now is very very risky,each second dax can fly up
DAX índice forecast Dax as reached the top of the downtrend channel.
Sell at the top for a new lower low
Trade on chart
Cheers
Crude-oil ready for a massive move up today?Hello traders,
Oil is a very interesting pair at the moment because there is a massive chance that we are going to make a big bull move.
As oil is pretty volitile it will be a matter of time before we explode.
We are going to watch the pair closely and have the entry like shown.
Have a good week!
DE40 Buy a break setup.GER40 - Intraday - We look to Buy a break of 15471 (stop at 15414)
Expect trading to remain mixed and volatile.
There is no clear indication that the upward move is coming to an end.
The trend of lower highs is located at 15650.
We look for a temporary move higher.
Our profit targets will be 15638 and 15658
Resistance: 15450 / 15500 / 15550
Support: 15400 / 15350 / 15300
DE40 Sell a break.GER40 - Intraday - We look to Sell a break of 14998 (stop at 15059)
Daily signals are mildly bearish.
Our short term bias remains negative.
Pivot support is at 15015.
Trading close to the psychological 15000 level.
A break of bespoke support at 15000, and the move lower is already underway.
We look for losses to be extended today.
Our profit targets will be 14821 and 14801
Resistance: 15200 / 15250 / 15300
Support: 15150 / 15100 / 15000
DE40 Sell a break.GER40 - Intraday - We look to Sell a break of 14977 (stop at 15036)
Daily signals are mildly bearish.
Our short term bias remains negative.
Pivot support is at 14979.
Trading close to the psychological 15000 level.
A break of bespoke support at 15000, and the move lower is already underway.
Trades with a bearish descending triangle formation.
Our profit targets will be 14811 and 14791
Resistance: 15100 / 15150 / 15200
Support: 14980 / 14900 / 14800
Understanding Sessions - DAX FuturesFollow up from yesterday's post for US Futures, but same concepts apply for ALL assets in any market.
See this example from the action this morning.
DAX hasn't yet settled beneath the US Session Open, clearly indicating current pressure remains up.
Yet the range potential on a push higher or lower is nice and wide. For these cases I tend to prefer to play the reaction to the next move, not predict the move itself. If you're scalping, you can use the smaller timeframe session open such as 5 minute as a guide for 'in the moment' pressure, but always keep these bigger sessions in mind and where you are in relation to them.
Reference my earlier posts from yesterday and this morning for ES for more info.
DAX 30 May Drop Further - Short GER30FX:GER30
If you are interested, wait until price gets into the yellow box. Then open your trade using proper risk management.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..