GER40 (DAX) Index Gann Predictions for Today.CAPITALCOM:DE40 touched GANN support 13,880 and 13,860. If these supports hold, we are looking at buying the index cfd towards 14,000+ levels from here.
Watch the video for complete GANN analysis of the CAPITALCOM:DE40 index CFD.
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DE40
GER40 (DAX40) Weekly Gann Analysis. Will it BREAKOUT? CAPITALCOM:DE40 Falling Wedge Pattern (Weekly)
The index is testing resistance of the falling wedge once again for 5 weeks in a row.
Weekly candle close above 400 will indicate a breakout from the downward trend with a target of 16,200 if the breakout sustains.
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DAX GANN LEVELS AND WEEKLY ANALYSISCAPITALCOM:DE40 backtested support around 14960 and rebounded to close above 14080 resistance yesterday. This signals a short term bottom formation with today's range being 14080 to 14230.
CAPITALCOM:DE40 made a high above 14180 resistance and rejected to backtest the 14080 support so far today. We can expect DE40 to continue to rally above the R1 14330 next week. If that does not happen, and R1 holds, we expect the DE40 to break below the 13960 support and continue lower.
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