DEU30
DAX Index
LAND SECURITIES GROUP PLC ORD 10 2/3P, BURFORD CAPITAL LIMITED ORD NPV, SIRIUS MINERALS PLC ORD 0.25P, BIDSTACK GROUP PLC ORD 0.5P, LLOYDS BANKING GROUP PLC ORD 10P, TCG
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Trade Idea A bullish reverse Head and Shoulders has formed. Neckline support is 11850. Price action looks to be forming a bottom. Bespoke support is located at 11815. Further upside is expected although we prefer to set longs at our bespoke support levels at 11815, resulting in improved risk/reward. We look to Buy at 11815 Stop: 11750 Target 1: 12010 Target 2: 12200
Looks like this is getting away from our ideal entry level. However, it looks a good candidate to buy on dips on the short term. Trade Idea Broken out of the Head and Shoulders formation to the upside. Positive overnight flows lead to an expectation of a firm open this morning. Price action looks to be forming a bottom. Bespoke support is located at...
Trade Idea Broken out of the Head and Shoulders formation to the downside. We have a 38.2% Fibonacci pullback level of 11773 from 12598 to 11263. The trend of higher lows is located at 11761. There is scope for mild buying at the open but gains should be limited. Preferred trade is to sell into rallies. We look to Sell at 11770 Stop: 11820 Target 1:...
Trade Idea Broken out of the Head and Shoulders formation to the downside. Bespoke resistance is located at 12295. There is scope for mild buying at the open but gains should be limited. The formation has a measured move target of 11727. Further downside is expected although we prefer to sell into rallies close to the 12295 level. Stop: 12345 Target 1:...
DAY TRADE - EXPIRES AT 9PM Trade Idea Trading within a Corrective Channel formation. Bespoke resistance is located at 12300. There is scope for mild buying at the open but gains should be limited. Broken out of the Head and Shoulders formation to the downside. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile. Stop:...
DAY TRADE - EXPIRES AT 9PM UK Trade Idea Trading within a Corrective Channel formation. Bespoke resistance is located at 12400. There is scope for mild buying at the open but gains should be limited. Continued upward momentum from 12195 resulted in the pair posting net daily gains yesterday. Preferred trade is to sell into rallies. Expect trading to remain mixed...
I have been watching the DAX H&S form for a while now. This pattern has now been confirmed with a break and weekly close below the neckline. A descending neckline indicates fundamental weakness and could imply a swift drop. I am short with a first target in the 10,700 area, and my ultimate target under 10,000.
DE30EUR is decreasing. The exchange rate generates a second downward wave of a triple wave structure. The target price for the second downward wave structure may be around 11783. Then we expect a correction wave structure. Its peak is the intersection of a D1ATR axis. Area of 12215 level. Then the third downward wave, which is the target price of 10882, is completed.
short term goal, it is following a downward channel and wait for retracement to confirm trend pattern.
Dax has broken its legendary support zone a few days back and now it is retracing upwards. I would wait for the price to a little higher and go short around 13050. levels to watch 13050. 13100.
This is not a low volume pocket, it's a low volume black hole! But rather than having its own gravitational pull and acting like a vacuum, it's repelling price like opposing magnets. I think it highlights the zone that price will likely find, if/when it breaks.