DAX to stall at highs.GER40 - Intraday - We look to Sell at 15258 (stop at 15348)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We look for a temporary move higher.
A lower correction is expected.
Our profit targets will be 15038 and 14988
Resistance: 15130 / 15200 / 15272
Support: 15030 / 14950 / 14900
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Dax30stock
Dax 30 : Stuck in short positions ? Here is the solution ! Speculative sentiment index is just 7.5% on an average indicating an open above 15660 eyeing the targets 15820 and 16k + psychological level / Possible stop loss cluster area . Stuck sellers just be patient and do not put equal parallel positions at the moment ,you will be stuck for life time . Do that only if your margin is in trouble and deposit later to avoid the swap charges that gonna eat your account. Ascending triangle like formation is breaking slowly ( Typical Algos Frustration mode ) . Possible massive profit booking happens around 16000-16200 levels with some magic numbers high like 16033,16057,16077,16133 and so on . Machines will hunt entire typical human mind stop loss like 15650,15675 15700,15750 . Don't let the machines to trap you in mesosphere level if you are holding sell for long time. Trade Safe, All the best
DAX - Will the first correction phase come to an end?Do you like the analysis? The last releases were also OK?
Then thumbs up and follow me,
because that's the currency in TV!
Short and sweet:
Since the beginning of summer, the Dax bravely worked off the first part of the correction and could now finish this section in the range of 10.200-10.400 points. Here should now be looked closer, if there are signals for a trend reversal.
Greetings from Hanover
Stefan Bode