Technical Analysis Reports

Day_Trade_Ideas

DayTradeIdeas Rep
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2
EuroStoxx below 3410/05 risks a slide to the May low at 3385/80. A break below the 50% Fibonacci at 3374 targets 3366 & 3359/55.

Holding 3410/05 allows a recovery to 3428/30 with strong resistance at 3439/42. Shorts need stops above 3450. A break higher meets strong resistance at 3461/64. Shorts need stops above 3470.

https://www.tradingview.com/chart/S...0-05-risks-a-slide-to-the-May-low-at-3385-80/

upload_2018-6-19_14-0-24.png
 

Day_Trade_Ideas

DayTradeIdeas Rep
Messages
2
Recap

Dax could be forming a huge head and shoulders but we will not have a longer term sell signal until
we break the neckline at 11600.

We topped just 7 ticks above the main challenge for bulls today at 12410/420.

Forecast

Dax held the main challenge for bulls today at 12410/420 almost perfectly & collapsed to what is now very minor support at the 100 week moving average at 12115. However a break below the small gap at 12082 targets good support at the 500 day moving average at 12055/045.

First resistance at 12350/360 then 12410/420 but above here this time targets 12510/520. Try shorts with stops above 12570.


Link to Chart

https://www.tradingview.com/chart/DEU30/xA9et4Sc-Possible-Head-Shoulders-Formation-DAX/
 
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