Wait for a correction to buy #DAX30 | 22 January 2021

 #NIKKEI weekly

Technical observation

The commodity on the weekly chart above broke above a key level 27028 with a big green candle then continued to rise for another week. Last week the value of this commodity went down and I still expect further bearish rally towards the key level 27028 followed by a bounce at it to pick long positions. My advice, remain flat and wait for a retracement to the line 27028 and a rejection at it to buy #NIKKEI with your take profit at 28975 and stop loss at 25629. If this take profit is triggered and there is a clear breakout above it, you can expect a further surge to the upper side after a correction to the broken line.

Trade recommendation

 Remain flat.

#NQ100 weekly

Technical observation

The commodity on the weekly chart above broke above a key level 27028 with a big green candle then continued to rise for another week. Last week the value of this commodity went down and I still expect further bearish rally towards the key level 27028 followed by a bounce at it to pick long positions. My advice, remain flat and wait for a retracement to the line 27028 and a rejection at it to buy #NIKKEI with your take profit at 28975 and stop loss at 25629. If this take profit is triggered and there is a clear breakout above it, you can expect a further surge to the upper side after a correction to the broken line.

Trade recommendation

 Remain flat.

#DAX30 weekly

Technical observation

On the weekly chart above, #DAX30 is trading with an increasing bearish bias above a supportive level 13471.9. I expect a loss of this bearish movement at the line mentioned above for a possible momentum to the upper side. My advice, wait for a correction to the line 13471.9 and a bounce at it to buy this commodity with your take profit at 149871.8 and stop loss at 12644.4. In case there is a clear breakout below the line 13471.9 with a big red candle, I expect a possible surge to the lower side after a correction to the just broken line and a bounce at it.  Right now, I can only recommend bullish positions.

 Trade recommendation

 Wait for a correction to 13471.9 to buy #DAX30.