DE30 Sell the top!GER30 - Intraday - We look to Sell at 15489 (stop at 15542)
Expect trading to remain mixed and volatile.
15500 continues to hold back the bulls.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 15344 and 15314
Resistance: 15400 / 15470 / 15500
Support: 15350 / 15300 / 15250
De30sell
DE30 Sell the top.GER30 - Intraday - We look to Sell at 15489 (stop at 15542)
Pivot resistance is at 15520.
The previous swing high is located at 15540.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
Our profit targets will be 15344 and 15314
Resistance: 15500 / 15540 / 15600
Support: 15400 / 15350 / 15300
DE30 Sell the downtrend.GER30 - Intraday - We look to Sell at 15424 (stop at 15481)
The trend of lower highs is located at 15420.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Our profit targets will be 15269 and 15239
Resistance: 15300 / 15350 / 15430
Support: 15200 / 15150 / 15080
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 15339 (stop at 15392)
We are trading at overbought extremes.
A higher correction is expected.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 15339, which will confirm the bearish sentiment.
Expect trading to remain mixed and volatile.
Our profit targets will be 15188 and 15158
Resistance: 15450 / 15500 / 15521
Support: 15400 / 15350 / 15250
DE30 Sell the resistance.GER30 - Intraday - We look to Sell at 15336 (stop at 15381)
Pivot resistance is at 15350.
Bespoke resistance is located at 15330.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Our profit targets will be 15204 and 15154
Resistance: 15300 / 15330 / 15370
Support: 15250 / 15200 / 15150
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 15369 (stop at 15416)
Overbought signals and exhaustion indicators offer fair reason to sell the index but we prefer to see a break of support before fading this impressive move.
A higher correction is expected.
Our outlook is bearish.
Expect trading to remain mixed and volatile.
Our profit targets will be 15241 and 15211
Resistance: 15450 / 15500 / 15520
Support: 15400 / 15350 / 15300
DE30 - DiscountsI would ideally like the price to come down and wipe out some of the minor higher lows created before bouncing from the order blocks to the previous high.
DE30 Sell the resistance.GER30 - Intraday - We look to Sell at 15328 (stop at 15377)
Price action continued to range between key support & resistance (15100 - 15350) although we expect a break of this range soon.
Pivot resistance is at 15350.
Preferred trade is to sell into rallies.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 15191 and 15161
Resistance: 15250 / 15300 / 15330
Support: 15200 / 15150 / 15100
German Dax index (DE30) intraday setup
DE30 is currently in a Minuette-v correction. After a bearish impulse move price got rejected within 61.8% fibo retracement which is also a minor resistance. Price is again headed towards that zone and I'll be waiting for a convincing impulse back down. Since it is Minuette-v correction, I will keep my target below Minuette-iv
If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity then I will not place this trade.
DE30 Sell the trend of higher highs.GER30 - Intraday - We look to Sell at 14777 (stop at 14831)
The trend of higher highs is located at 14770.
Pivot resistance is at 14810.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 14631 and 14581
Resistance: 14750 / 14780 / 14810
Support: 14700 / 14630 / 14570
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 14566 (stop at 14624)
Trend line support is located at 14590.
Bespoke support is located at 14570.
A break of 14570 is needed to confirm follow through negative momentum.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Our outlook is bearish.
Our profit targets will be 14416 and 14345
Resistance: 14600 / 14650 / 14700
Support: 14570 / 14520 / 14470
GER30 Sell a break setup.GER30 - Intraday - We look to Sell a break of 14448 (stop at 14512)
Price action has formed an expanding wedge formation.
The trend of higher intraday lows has also been broken.
Trading within a Bearish Channel formation.
Trend line support is located at 14485.
20 4hour EMA is at 14486.
A break of bespoke support at 14470, and the move lower is already underway.
Our profit targets will be 14269 and 14206
Resistance: 14530 / 14580 / 14600
Support: 14470 / 14400 / 14330
DE30 - Push and SellI want to see a slight push before we sell off aggressively into the target level marked.
I have marked out the level I will be taking partial profits at as well as the SL placement.
DE30 Sell the pivot.GER30 - Intraday - We look to Sell at 14064 (stop at 14131)
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Pivot resistance is at 14072.
We look for a temporary move higher.
A shooting star has been posted as prices reject the higher levels.
Our profit targets will be 13866 and 13806
Resistance: 14000 / 14050 / 14100
Support: 13900 / 13850 / 13800
GER30 potential downtrend.in correlation with NAS100s downtrend, GER30 might be lagging and this structure may make the main move.
DE30 Sell setup.GER30 - Intraday - We look to Sell at 13909 (stop at 13981)
20 4hour EMA is at 13900.
Short term indicators have turned negative.
Trading close to the psychological 14000 level.
Preferred trade is to sell into rallies.
The previous swing high is located at 13900.
Our profit targets will be 13682 and 13582
Resistance: 13900 / 14000 / 14100
Support: 13800 / 13700 / 13670
DE30 Sell the downtrend.GER30 - Intraday - We look to Sell at 14099 (stop at 14181)
Trend line resistance is located at 14100.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Bespoke resistance is located at 14100.
The trend of higher lows is located at 14100.
Preferred trade is to sell into rallies.
Our profit targets will be 13853 and 13763
Resistance: 14100 / 14160 / 14200
Support: 14000 / 13900 / 13800
Dax- can it dive to 12500?Since the beginning of the year, the German Index consolidated above its previous ATH.
At this point, it seems like a correction is just around the corner and Dax can take a dive to 12500
Selling rallies in this anticipation can have a great R:R
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 13887 (stop at 13975)
Daily signals for sentiment are at overbought extremes.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
A higher correction is expected.
A move through 13900 will confirm the bearish momentum.
A bearish Head and Shoulders has formed.
Our profit targets will be 13628 and 13518
Resistance: 14030 / 14130 / 14200
Support: 13900 / 13800 / 13670
Dax30. Short intraday Sell a break at 13988.
Overbought extremes early optimism is likely to lead to gain allthrough extended attempts higher are expected to fail. A higher correction is expected.
A move through 14000 will confirm the bearish momentum.
Support 14000
Resistance 14100.
Entry 13988
Sl 14066
Tp 13706
