DAX UKX FTSE CAC MIB Technical Analysis Elliott Wave and Trading Levels.

TradingLevels: Medium Level (ML15|11,500) as the market support
Trading Strategy: If, 11, 600 becomes the support then build long trades on 11,600 and then through 11,610|20|30. Expect resistance at 11,650 so take part profit and wait to see if this level becomes the support to add to positions.
There is an Elliott wave count that can see the market lower to the 11500 for a bounce and then down through the 11,500, SO short with 11,572 as the retested resistance.
 

 

As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.

Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.

The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD dips below 0.6600 following RBA’s decision

AUD/USD dips below 0.6600 following RBA’s decision

The Australian Dollar registered losses of around 0.42% against the US Dollar on Tuesday, following the RBA's monetary policy decision to keep rates unchanged. However, it was perceived as a dovish decision. As Wednesday's Asian session began, the AUD/USD trades near 0.6591.

AUD/USD News

EUR/USD lacks momentum, churns near 1.0750

EUR/USD lacks momentum, churns near 1.0750

EUR/USD cycled familiar levels again on Tuesday, testing the waters near 1.0750 as broader markets look for signals to push in either direction. Risk appetite was crimped on Tuesday after Fedspeak from key US Federal Reserve officials threw caution on hopes for approaching rate cuts from the Fed.

EUR/USD News

Gold wanes as US Dollar soars, unfazed by lower US yields

Gold wanes as US Dollar soars, unfazed by lower US yields

Gold price slipped during the North American session, dropping around 0.4% amid a strong US Dollar and falling US Treasury bond yields. A scarce economic docket in the United States would keep investors focused on Federal Reserve officials during the week after last Friday’s US employment report.

Gold News

Solana FireDancer validator launches documentation website, SOL price holds 23% weekly gains

Solana FireDancer validator launches documentation website, SOL price holds 23% weekly gains

Solana network has been sensational since the fourth quarter (Q4) of 2023, making headlines with a series of successful meme coin launches that outperformed their peers.

Read more

Living vicariously through rate cut expectations

Living vicariously through rate cut expectations

U.S. stock indexes made gains on Tuesday as concerns about an overheating U.S. economy ease, particularly with incoming economic reports showing data surprises at their most negative levels since February of last year. 

Read more

Majors

Cryptocurrencies

Signatures