GER30, Yesterday, the price reversed from the resistance zone and experienced a sharp decline, breaking below the support level at 22,640, and has continued trading below this level.
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 22,640 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
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 22,640 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
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.