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Price Action

Thursday, November 16 2023
DAX
03:10 pm (GMT +0200)
30 minutes Timeframe

Dax is currently negotiating between the support at 15794.30 and the resistance at 15839.30.  A positive sentiment will push prices to thrust above the swing level at 15839.30 with immediate targets at 15857.30 and 15866.30.  A protective stop loss at 15794.30 is strongly recommended.

Should the DAX index manage to breach below the support at 15794.30, it will eliminate the bullish scenario, generating a sell signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
15857.30

direction
Target 2
15866.30

direction
Target 3
15884.30

direction
Target 4
15906.80

entry
Entry
15839.30
entry
Stop Loss
15794.30

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Thursday, November 16 2023
DAX
03:10 pm (GMT +0200)
30 minutes Timeframe

Dax is currently negotiating between the support at 15794.30 and the resistance at 15839.30.  A positive sentiment will push prices to thrust above the swing level at 15839.30 with immediate targets at 15857.30 and 15866.30.  A protective stop loss at 15794.30 is strongly recommended.

Should the DAX index manage to breach below the support at 15794.30, it will eliminate the bullish scenario, generating a sell signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
15857.30

direction
Target 2
15866.30

direction
Target 3
15884.30

direction
Target 4
15906.80

entry
Entry
15839.30
entry
Stop Loss
15794.30

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction