Dax 40 June breaks out of the diamond top pattern, to the downside for a sell signal. At last I think we have a pattern to trade!!
FTSE 100 June held resistance at 7760/80 again yesterday.
Update daily by 06:00 GMT.
Today’s Analysis.
Dax June meets resistance at the break point & 500 hour moving average at 15900/950. Shorts need stops above 16000.
We meet support at 15810/15770.
A break below 15750 should be a sell signal & certainly a weekly close below here should lead to losses next week. Next target is 15550.
FTSE June resistance at 7760/80 again today (a high for the day just 10 ticks above here yesterday so I hope a short here worked for you).
Holding below here again today keeps the pressure on for a retest of this week’s low at 7688. A low for the day exactly here yesterday but I think eventually we will break lower to target 7655/50. A break below 7630 can target 7580/60.
Read our reviews: https://www.sitejabber.com/reviews/daytradeideas.co.uk
Free mentor session. https://members.daytradeideas.co.uk/free-mentor-session
Get 5 free eBooks & a free mentor session with Jason Sen now: https://members.daytradeideas.co.uk/5questions
Join Telegram https://t.me/daytradeideas
Dax 40 & FTSE 100 daily technical analysis & trade ideas. Subscribe now:
https://www.daytradeideas.co.uk/product/ftse-100-uk100/
