De40signals
GER40 Buy the trend line support.GER40 - Intraday - We look to Buy at 14421 (stop at 14344)
Daily signals are mildly bullish.
Our short term bias remains positive.
50 4hour EMA is at 14430.
We look to buy dips.
Trend line support is located at 14410.
Our profit targets will be 14608 and 14648
Resistance: 14600 / 14640 / 14700
Support: 14500 / 14400 / 14300
GER40 To buy a dip.GER40 - Intraday - We look to Buy at 14401 (stop at 14319)
Daily signals are mildly bullish.
Our short term bias remains positive.
50 4hour EMA is at 14383.
We look to buy dips.
Price action has formed a bullish ascending triangle
formation.
Our profit targets will be 14598 and 14638
Resistance: 14600 / 14640 / 14700
Support: 14500 / 14400 / 14300
GER40 Buy at 50 EMA.GER40 - Intraday - We look to Buy at 14276 (stop at 14199
)
50 4hour EMA is at 14272.
Our short term bias remains positive.
We look for a temporary move lower.
Previous resistance at 14300 now becomes support.
14276 has been pivotal.
Our profit targets will be 14459 and 14499
Resistance: 14500 / 14600 / 14700
Support: 14400 / 14300 / 14200
GER40 Buy at 20 EMA.GER40 - Intraday - We look to Buy at 14411 (stop at 14339)
Our short term bias remains positive.
We look to buy dips.
20 4hour EMA is at 14411.
A lower correction is expected.
Our profit targets will be 14588 and 14628
Resistance: 14600 / 14700 / 14800
Support: 14500 / 14400 / 14300
GER40 Buy a break setup.GER40 - Intraday - We look to Buy a break of 14316 (stop at 14248)
14314 has been pivotal.
Short term momentum is bullish.
There is no clear indication that the upward move is coming to an end.
Short term bias is bullish.
Our profit targets will be 14488 and 14528
Resistance: 14300 / 14400 / 14500
Support: 14200 / 14100 / 14000
GER40 Sell into a rally.GER40 - Intraday - We look to Sell at 14118 (stop at 14201)
Daily signals are bearish.
50 1day EMA is at 14080.
Bespoke resistance is located at 14100.
Preferred trade is to sell into rallies.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 13918 and 13868
Resistance: 13900 / 14000 / 14100
Support: 13800 / 13700 / 13600
GER40 Sell into a swing high.GER40 - Intraday - We look to Sell at 14149 (stop at 14231)
Daily signals are mildly bearish.
The previous swing high is located at 14162.
14189 has been pivotal.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 13941 and 13901
Resistance: 14100 / 14150 / 14200
Support: 14000 / 13950 / 13900
GER40 Sell into a rally.GER40 - Intraday - We look to Sell at 13988 (stop at 14063)
Our short term bias remains negative.
We look for a temporary move higher.
Bespoke resistance is located at 14000.
50 4hour EMA is at 14020.
Our profit targets will be 13801 and 13761
Resistance: 13900 / 14000 / 14100
Support: 13700 / 13600 / 13500
GER40 Buy a break setup.GER40 - Intraday - We look to Buy a break of 14251 (stop at 14177)
Short term momentum is bullish.
A break of yesterdays high would confirm bullish momentum.
20 1day EMA is at 14224.
Morning dips were bought into in front of yesterday's support level (14000) and follow through bullish momentum resulted in all the initial down move being overturned.
Our profit targets will be 14444 and 14484
Resistance: 14250 / 14320 / 14400
Support: 14150 / 14080 / 14030
GER40 Sell the channel trend line.GER40 - Intraday - We look to Sell at 14176 (stop at 14251)
Daily signals are mildly bearish.
50 4hour EMA is at 14175.
Trading within a Corrective Channel formation.
Trend line resistance is located at 14175.
Our profit targets will be 13981 and 13921
Resistance: 14100 / 14200 / 14250
Support: 14030 / 13960 / 13900
GER40 Sell a break of pivotal value.GER40 - Intraday - We look to Sell a break of 14319 (stop at 14404)
Daily signals are mildly bearish.
14323 has been pivotal.
A break of the recent low at 14323 should result in a further move lower.
Short term bias has turned negative.
Our profit targets will be 14111 and 14071
Resistance: 14400 / 14500 / 14600
Support: 14300 / 14180 / 14105
GER40 Buy a break setup.GER40 - Intraday - We look to Buy a break of 14561 (stop at 14469)
Short term bias is bullish.
14556 has been pivotal.
A break of the recent high at 14556 should result in a further move higher.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 14788 and 14848
Resistance: 14400 / 14550 / 14800
Support: 14250 / 14100 / 14000
GER40 Sell into a rally.GER40 - Intraday - We look to Sell at 14519 (stop at 14624)
Price action has stalled at good resistance levels and currently trades just below here (14500).
We look for a temporary move higher.
Daily signals are bearish.
Preferred trade is to sell into rallies.
50 1day EMA is at 14520.
14556 has been pivotal.
Our profit targets will be 14257 and 14207
Resistance: 14500 / 14600 / 14800
Support: 14300 / 14100 / 14000
GER40 Sell the trend line resistance.GER40 - Intraday - We look to Sell at 14093 (stop at 14204)
Daily signals are bearish.
Trend line resistance is located at 14100.
Bespoke resistance is located at 14100.
14094 has been pivotal.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 13808 and 13738
Resistance: 14000 / 14100 / 14300
Support: 13800 / 13700 / 13500
DAX - Long as projectedAs projected on the 31th Jan DAX is hitting our first target. It's time to adjust your stop-loss if you have not already. This upper line of the triangle can be tested several times today and if it holds we are heading for the second target which will be around 15950 points. otherwise, we can expect the price to fall to the EMA (9).
Stop-loss can be adjusted to the EMA (9) line or slightly below.
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DAX - Alert for potential longRSI - SMA is close to signaling a "buy". If the price stays the same or higher by end of the day. If this happens target is the upper triangle line (blue line) and the second target will be around 15950 points.
What do we don't want to see for confirming our "long strategy": A closing below the SMA (9)
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________
🚀 Follow for daily posts
🎯 About my posts: They are kept self-explanatory in order to avoid overcomplicating and confusion. Mostly price signals and trend analysis combined with chart patterns.
Disclaimer: This is not an investment advice
DAX -DE40 TRIANGLE TRADING SETUP + possible BREAKOUT LEVELSThere is a nice formation on the DE40 - DAX chart. You can trade inside the triangle. We hit strong support, and we are climbing higher. Let's see if we can break the bearish TL.
DE40 Sell a break setup.GER40 - Intraday - We look to Sell a break of 15947 (stop at 15994)
Trades with a bearish descending triangle formation.
A break of yesterdays low would confirm bearish momentum.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of bespoke support at 15950, and the move lower is already underway.
Our profit targets will be 15822 and 15802
Resistance: 16000 / 16050 / 16100
Support: 15950 / 15900 / 15800
DAX short-term profit-taking leading to 16400Last week DAX gave the most optimal buy entry on the bottom (Higher Lows trend-line) of the long-term Channel Up as I presented on my most recent analysis:
The price hit 15840 on a strong rebound, the strongest 2 days of the year. Yesterday the price started to pull-back but shouldn't be alarming as the very same -1.30% correction took place on October 18, during the last rally wave and turned out to be just profit taking. The index traded sideways for a week and later went on a 1 month rally extension towards the 1.236 Fibonacci extension.
That extension is currently a little over 16600 and if it takes place, it would mean the break to the upside of the August Channel Up. For the time being, it is more sensible to initially target 16400 and then re-evaluate.
Notice how the 1D MACD is currently forming a Bullish Cross, which DAX typically forms at the start of its rallies.
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