DE30 Strengthens Within Ascending Channel, next at 652.00?DJ:DE30 remains within a well-defined ascending channel, with price recently rebounding from a key support level. This suggests a continuation of the uptrend, with the next target near 652.00, aligning with the upper boundary of the channel.
A short-term pullback could present a buying opportunity, particularly if bullish candlestick patterns like an engulfing or hammer formation emerge, confirming buyer strength. A decisive move above recent highs could reinforce momentum toward the expected target.
But if we get a break below the channel’s lower boundary, it would invalidate the bullish outlook and signal a potential shift in market direction.
DE30 trade ideas
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Potentail long term buy trade on DE30Well on my second post, I did say that some of the posts I will be posting will involve other posts with trades that have already with a trade running since I'm new in the block. So with the market failing to break the last low(daily, weekly TF), it tells me that it is not ready yet to finish it consolidation or buying. Planning to enter another buy if it respects my support line.
What can we expect on Ger30 during London time today?I see a buy ... price has broken out . Following the talks of Russia price continues bullish in this 4 hour. Gold still look weak...I am expecting to see some major sells from Thursday and Friday following the new moon , April's fool day and nfp.
Thoughts?
Germany Titans Is In Channel!!Price is in channel now, may will do fake breakout downward to form double bottom (W) reversal and bouncing off the trendline is where i have my buy limit with low risk. You can clearly see price is in channel and repsecting the trends.
This trade isnt 100% accurate which is why i am trading with low risk.
DE30 to continue its upward rally?Dow Jones has started a strong uptrend since hitting the 394.09 level. The ascending triangle pattern indicates a possible push higher if resistance is broken in the 445.90 area. This level is also where the 200MA is also looking to be tested. If price closes above the resistance and the 200MA there could be a continuation of the uptrend.