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Dax30

DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 15198 (stop at 15246) Price action resulted in a new all-time high at 15540. Rallies should be capped by yesterday's high. Prices spiked higher and stalled at resistance in early trade. Further selling pressure led to a reversal in price action. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. The bias is to break to the downside. Expect trading to remain mixed and volatile. Our profit targets will be 15064 and 15034 Resistance: 15300 / 15350 / 15420 Support: 15200 / 15130 / 15050
DShort
by Signal_Centre1
DE30 Buy a break setup.GER30 - Intraday - We look to Buy a break of 15303 (stop at 15248) Daily signals are bullish. Expect trading to remain mixed and volatile. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. The bias is to break to the upside. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 15300, which will confirm the bullish sentiment. Our profit targets will be 15448 and 15478 Resistance: 15300 / 15350 / 15450 Support: 15170 / 15150 / 15100
DLong
by Signal_Centre1
DE30 Sell the top.GER30 - Intraday - We look to Sell at 15489 (stop at 15542) Pivot resistance is at 15520. The previous swing high is located at 15540. We look for a temporary move higher. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile. Our profit targets will be 15344 and 15314 Resistance: 15500 / 15540 / 15600 Support: 15400 / 15350 / 15300
DShort
by Signal_Centre1
Dax 30 : Likely to continue inside the monthly range 15130-15330Dax managed to stay inside the monthly range, unlike Us indices ,Dax avoided any heavy loss regardless of the situation in middle east as well as the higher inflation numbers from US. Price is likely to continue inside 15130-15330 rectangle with few more Higher highs and Higher Lows ,Speculative Sentiment Index is around 40% and fluctuating rapidly after every spike . Better is to scalp inside the range until we see a major real break out either side. Trend : Rangebound Signal : Long Scalp 15130 -14950 Target : 15300-15530 Stop Loss/Sell Stop : Below 14800
DLong
by UnknownUnicorn13514545
The DAX is Going Against History - Bearish Crab in the MakingThe DAX index appears to be forming a Bearish Crab pattern, which typically entails likely bearish reversals. This is strong enough confirmation of the aforementioned bearish sentiment, but there is more. Provided that the price action reaches point D at around 15900.000, this would create perfect selling conditions. Moreover, the peak of the Crab pattern would be situated close to the psychologically significant resistance level at 16000.000, which in itself serves as a major turning point. Even though the index is expected to appreciate by an additional 300-400 basis points before such a reversal takes place, bears should keep an eye on the immediate behaviour of the price action. The Stochastic RSI indicator is already threading in its overbought extreme, which could incite more selling pressure in the near future. Moreover, the price action is currently testing the historic resistance level at 15500.000. Given that the index has never been able to penetrate this threshold decisively in the past, a reversal from the current market price seems highly probable. On the other hand, the latest upswing was initiated as a Marubozu engulfing candle that rebounded from the psychological support at 15000.000. The latter was also able to break out above the 50-day MA (in green) and the 100-day MA (in blue), both of which were serving as floating resistances at the time. This confirms the strength of the bullish pressure in the short term.
XETR:DAXShort
by Trendsharks