Today, I am looking at the Germany 30 DAX index. It looks like that there might be a continuation of the current trend.
Today’s daily candle is a small bullish engulfing candle with a bearish rejection wick. This indicates bullishness, so I will continue monitoring this instrument.
For now, the intraday charts are more bullish than bearish, but this does not mean that we are going to see a breakout straightaway.
I will be possibly looking for a bullish confirmation from the 4H charts tomorrow. I will be looking for a bearish rejection or a bullish engulfing.
I might consider taking a long trade tomorrow after the market opens. In case I do, my first target will be the level of 13,100. Then, it comes down to price action to decide whether to hold on to a trade or to cut it.
Today’s daily candle is a small bullish engulfing candle with a bearish rejection wick. This indicates bullishness, so I will continue monitoring this instrument.
For now, the intraday charts are more bullish than bearish, but this does not mean that we are going to see a breakout straightaway.
I will be possibly looking for a bullish confirmation from the 4H charts tomorrow. I will be looking for a bearish rejection or a bullish engulfing.
I might consider taking a long trade tomorrow after the market opens. In case I do, my first target will be the level of 13,100. Then, it comes down to price action to decide whether to hold on to a trade or to cut it.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.