The GER30 has been consolidating between 22,787 and 22,417 since yesterday. However, the price is currently attempting to break below this range at the 22,417 level. A confirmed break beneath this support could lead to a further decline.
The bearish momentum is expected to persist as long as the price remains below the previous support level at 22,640, which has now turned into resistance. The bearish trend will be confirmed if the 4-hour candle closes below this level.
The bullish movement will be activated upon any reversal or breakout above the 22,787 level, indicating a corrective phase and trading consolidation between this level and the most recent higher resistance zone.
Bullish target: 22,640. 22,787. 23.173
Bearish target: 22,417. 22.334, 22.154
Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.❤️
The bearish momentum is expected to persist as long as the price remains below the previous support level at 22,640, which has now turned into resistance. The bearish trend will be confirmed if the 4-hour candle closes below this level.
The bullish movement will be activated upon any reversal or breakout above the 22,787 level, indicating a corrective phase and trading consolidation between this level and the most recent higher resistance zone.
Bullish target: 22,640. 22,787. 23.173
Bearish target: 22,417. 22.334, 22.154
Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.❤️
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.