De30
DAX 30- Possible Bullish Momentum on the Retest On Trend line?- A very decent long opportunity on the rests of the trend line.
-The fib level 23.8% is in line with the demand zone which adds extra confluence that price could potentially retrace from that zone.
-The trend line is also in line with the demand zone and 23.8 fib level which indicates that this is a good high probability set up.
- The 50EMA is below price which conveys that the DAX30 is in a bullish trend which is another confluence to go long.
-To enter this trade, I would wait for a strong bullish candle confirmation on the lower time frame.
Lets see how price reacts during the week.
Please leave a like and a comment on your opinions/ideas for this trade!
DE30 sell ideaI see the DE30 in 9950, if your strategy compatible with my analysis click like, good luck
Dax Short SetupIt can be expected head shoulders trend line breakout lower time frames..
For agressive entry before;
DAX - bearish gap still holdsThe German DAX index for the third time has tested the bearish gap which has appeared in March. The price again retraces from that level, so the bears still may be active in this zone of potential resistance.
If the gap is defended we could expect another drop to the bullish gap from April. It is located near 9500 pts. The move above 11600 pts. may change the view from bearish to bullish.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
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