DE 30 - Bullish
Generally the DAX30 was on going a retracement after a long bullish run from March 20 - the following presents a 4 hour chart idea based on price action and technical analysis -
* Moving upward the price had crossed the 21 MA and support area of 12580.
* it then made a retracement and tried to go below the 12500 level downward but it was hammered up by the buyers to stay above the 12580 level
* If the 12580 level stays strong - a good area to buy would be at the 12650 -12670
With :
SL - 12500
TP 1 - 12745
Tp 2 - 12846
Tp 3 - 13200
Good Luck!!
* Moving upward the price had crossed the 21 MA and support area of 12580.
* it then made a retracement and tried to go below the 12500 level downward but it was hammered up by the buyers to stay above the 12580 level
* If the 12580 level stays strong - a good area to buy would be at the 12650 -12670
With :
SL - 12500
TP 1 - 12745
Tp 2 - 12846
Tp 3 - 13200
Good Luck!!
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