The technical analysis of the DAX suggests a bearish pressure that, if confirmed, could push the market toward the target of 19,828 points. Here are some aspects to consider:
Support and Resistance Levels:
The target of 19,828 might represent an important psychological or technical support level.
If the price falls below intermediate support levels, the bearish objective becomes more plausible.
Patterns and Formations:
The formation of bearish patterns (such as an inverted head and shoulders or a prolonged decline in highs) reinforces the idea of a continuing downtrend.
Volume and Indicator Convergence:
An increase in volume during the downtrend confirms the sellers' interest.
help determine whether the bearish momentum is running out or if there is room for further corrections.
Risk Management:
It is essential to set appropriate stop losses to protect against sudden reversals.
Monitoring price action around key levels can provide useful signals to adjust the strategy.
In summary, if the intermediate supports do not hold and selling pressure continues, the DAX could indeed move toward the target of 19,828 points. However, as always, it is important to remain vigilant and use proper risk management.
Support and Resistance Levels:
The target of 19,828 might represent an important psychological or technical support level.
If the price falls below intermediate support levels, the bearish objective becomes more plausible.
Patterns and Formations:
The formation of bearish patterns (such as an inverted head and shoulders or a prolonged decline in highs) reinforces the idea of a continuing downtrend.
Volume and Indicator Convergence:
An increase in volume during the downtrend confirms the sellers' interest.
help determine whether the bearish momentum is running out or if there is room for further corrections.
Risk Management:
It is essential to set appropriate stop losses to protect against sudden reversals.
Monitoring price action around key levels can provide useful signals to adjust the strategy.
In summary, if the intermediate supports do not hold and selling pressure continues, the DAX could indeed move toward the target of 19,828 points. However, as always, it is important to remain vigilant and use proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.