DAX | Technical Analysis
The price has stabilized below the pivot zone (23810 – 23690), confirming the continuation of bearish momentum.
📉 As long as the price remains below 23810 and 23690, the downtrend is expected to persist, with a potential move toward 23395. A confirmed break below this level could extend the decline toward 23160.
Pivot Zone: 23810 – 23690
Resistance Levels: 24085, 24300
Support Levels: 23395, 23160
Trend Outlook: Bearish Momentum
The price has stabilized below the pivot zone (23810 – 23690), confirming the continuation of bearish momentum.
📉 As long as the price remains below 23810 and 23690, the downtrend is expected to persist, with a potential move toward 23395. A confirmed break below this level could extend the decline toward 23160.
Pivot Zone: 23810 – 23690
Resistance Levels: 24085, 24300
Support Levels: 23395, 23160
Trend Outlook: Bearish Momentum
Trade active
DAX – Technical UpdateBearish Structure Intact | Next Support Zone in Focus
As anticipated in our previous idea, DAX broke below 23,810 / 23,690, reached our targets at 23,395 and 23,160, and is now hovering just above the pivot zone.
Price is now trading below 23,160, confirming continued bearish momentum.
As long as DAX stays below this level, we expect a move toward the next major support zone at 22,868.
🔍 Technical Outlook:
• Bearish below 23,160
• Immediate support: 22,868
• Below 22,868 opens the door toward 22,700–22,500 range
• Reclaiming 23,392 could trigger a short-term correction or retest of 23,713 resistance
Key Levels:
• Resistance: 23,392 / 23,713 / 24,085
• Pivot: 23,160
• Support: 22,868 / 22,700 / 22,500
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.