DE40The German index DE40 has reached a zone where Daily timeframe buyers might step in, with a good chance of driving the price back up.
The signal is to buy, but where to find the exact entry is something that each individual can figure out. I prefer to buy now, with a stop-loss slightly below the daily lows or if you are searching for best R:R, then wait until the price enters even deeper into the zone.
In any case, stay cautious, as NFP could also cause some price fluctuations.
Trade safe!
Incices
What is next for equities? (NASDAQ)This chart is going combined the biggest market cap of NASDAQ.
Technical aspect:
Below the areas we are currency at, the next area below would be 5518. That would be heading NASDAQ further pull back.
Higher above could go towards 5948 areas - Above could just follow the ascending channel. Increasing likely hood of testing key resistance areas.
Interesting chart, could help guide you get a direction towards NASDAQ.
Just a trade idea, not a recommendation.