The GER40 has been on a strong bullish run, but is now stalling just below the 22,444 🔼 resistance zone. Price is showing early signs of hesitation, suggesting potential for either a breakout continuation or a deeper pullback.
Support at: 21,973 🔽, 21,570 🔽, 20,900 🔽
Resistance at: 22,444 🔼, 22,800 🔼, 23,400 🔼
Bias:
🔼 Bullish: A clean breakout and retest above 22,444 could fuel a move toward the next major resistance at 22,800. As long as price holds above 21,973, the bullish structure remains intact.
🔽 Bearish: A failure to break above 22,444 combined with a break below 21,973 could trigger a pullback toward the 21,570 support zone.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
Support at: 21,973 🔽, 21,570 🔽, 20,900 🔽
Resistance at: 22,444 🔼, 22,800 🔼, 23,400 🔼
Bias:
🔼 Bullish: A clean breakout and retest above 22,444 could fuel a move toward the next major resistance at 22,800. As long as price holds above 21,973, the bullish structure remains intact.
🔽 Bearish: A failure to break above 22,444 combined with a break below 21,973 could trigger a pullback toward the 21,570 support zone.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
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.