The German DAX 40 index (GER40) recently tested key support around 22,063.63 and exhibited a bullish reaction.
📈 Bullish Scenario:
If GER40 sustains above 22,063.63, it may push towards the 22,775.84 resistance zone.
A break above 22,775.84 could open the way for a break and retest, potentially leading to a continuation towards the 23,395.75 resistance level.
📉 Bearish Scenario:
If the price fails to hold above 22,063.63, further downside towards 21,231.97 may be observed.
⚠ Risk Disclaimer: This analysis is for informational purposes only and does not constitute financial advice or a trading signal. Market conditions can change rapidly, especially in light of recent geopolitical developments. Always confirm market conditions using your own strategy before making any trading decisions.
📈 Bullish Scenario:
If GER40 sustains above 22,063.63, it may push towards the 22,775.84 resistance zone.
A break above 22,775.84 could open the way for a break and retest, potentially leading to a continuation towards the 23,395.75 resistance level.
📉 Bearish Scenario:
If the price fails to hold above 22,063.63, further downside towards 21,231.97 may be observed.
⚠ Risk Disclaimer: This analysis is for informational purposes only and does not constitute financial advice or a trading signal. Market conditions can change rapidly, especially in light of recent geopolitical developments. Always confirm market conditions using your own strategy before making any trading decisions.
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.