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Global Indices Technical Ideas: Wall street edge higher ahead of earnings

By Mohammad Shanti
17 Oct,2022
Global Indices Technical Ideas: Wall street edge higher ahead of earnings

Dow Jones Industrial index stable after massive rally

Trading Idea: Reversing Higher

Entry Point Stop Loss Take Profit 1 Take Profit 2
29750 29550 30100 30273

Comment: Breaching the resistance line and trading above moving averages favors the rise. RSI and MACD favors the bulls

Order Type: Buy Limit

Risk-reward ratio (SL to TP 1):  1:1.75

Risk-reward ratio (SL to TP2):   1:2.65
 

Nasdaq 100 Index trying to edge higher

Trading Idea: Reversing higher

 

Entry Point Stop Loss Take Profit 1 Take Profit 2
10750 10650 10850 11011

Comment: Trading above the support line and bullish technical indicators favors the rise. However breaching both the pivot point and moving averages is required to confirm the trend

Order Type: Sell Limit

Risk-reward ratio (SL to TP 1):  1:1

Risk-reward ratio (SL to TP2):   1:2.618

German Dax holds ground after latest rally 

Trading Idea: Reversing Higher

Entry Point Stop Loss Take Profit 1 Take Profit 2
12500 12400 12650 12760

Comment:Breaching the resistance line and trading above moving averages favors the rise. However RSI and MACD are flat which suggests a reversal

Order Type: Buy STOP

Risk-reward ratio (SL to TP 1):  1:1.5

Risk-reward ratio (SL to TP2):   1:2.618


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