GER30/DAX: 4 hour chart - Analysis 2021 March 22th.
GER30 - was able to held key support of 13860 since previous analysis February 26th and reached a new all-time high this trading week, of 14804. The target price last week of 14750 points is archived. From now attention should be paid to the price range of 14675 – 14750.
Bear scenario:
If the price zone of 14675 undercut on a weekly and daily basis then the sell off target would be at 14550 and 14382 - 14440. If the bears on a weekly basis undercut the price zone of 14382 - 14440 then next target is at 14030. Only If 13860 undercut sustainably, it could be sold off in a full-blown correction. The first target price would then be at 12990 and then 12735.
Bull scenario:
If bulls can exceed, after a short break/consolidation phase the price range of 14675 – 14750 then DAX can rise to 14970 – 15065.
A bear market is when a market typically fall 20% or more from recent highs.
If we break resistance it become support If we break support it become resistance. Buy and Sell confirmation: Bull market don’t buy if the RSI is overbought always wait for pullback. Bear market only sell when the RSI is overbought or wait for a bounce.
Keep it simple and trade with the trend – you will never lose and live 10 years longer!
Bear scenario:
If the price zone of 14675 undercut on a weekly and daily basis then the sell off target would be at 14550 and 14382 - 14440. If the bears on a weekly basis undercut the price zone of 14382 - 14440 then next target is at 14030. Only If 13860 undercut sustainably, it could be sold off in a full-blown correction. The first target price would then be at 12990 and then 12735.
Bull scenario:
If bulls can exceed, after a short break/consolidation phase the price range of 14675 – 14750 then DAX can rise to 14970 – 15065.
A bear market is when a market typically fall 20% or more from recent highs.
If we break resistance it become support If we break support it become resistance. Buy and Sell confirmation: Bull market don’t buy if the RSI is overbought always wait for pullback. Bear market only sell when the RSI is overbought or wait for a bounce.
Keep it simple and trade with the trend – you will never lose and live 10 years longer!
Germany30 and S&P500 Intraday analysis August 23rd. and weekly update 34. Posted at twitter: twitter.com/SP500_Dow
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