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Dax40

DAX Bullish continuation towards 16000.My last DAX analysis was on a bus signal after the price broke above the 4H MA50: The short-term target of the 4H MA200 eventually got reached and now I shift my focus for the medium-term back to the 1D time-frame. As you see the price has been trading around the 1D MA50 (blue trend-line) for a week. The very same consolidation pattern around the 1D MA50 was last seen from July 23rd to August 3rd. It led to the formation of the 16030 All Time High/ Resistance. I am expecting a similar rise/ target. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
DLong
by TradingShot
1
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
DShort
by Signal_Centre1
1