DE40 (German Index) – Update on Yesterday’s Projection

DE40 (German Index) – Update on Yesterday’s Projection

As projected in yesterday’s analysis, DE40 has successfully broken to the upside, confirming the bullish momentum. Now, the key focus should be on waiting for the price to retest the critical zone at 19,675.

Potential Trade Opportunity:
If the price pulls back to 19,675, this could present a solid buy trade opportunity for two main reasons:

Retest of Support Zone: The 19,675 level, previously a resistance, could act as a strong support after a retest.
Shift in Market Structure: The overall change in character confirms the bullish trend, further supporting the case for a long trade.
Important Note:
Avoid taking a short trade just because you expect the price to pull back. The timing of the pullback is uncertain, and entering a short trade without confirmation could lead to unnecessary losses. It’s better to stay patient and wait for a proper setup.

Final Thoughts:
Focus on confirmation at 19,675 for a potential long position, and avoid speculative shorts in the current bullish environment.

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