GER30 Current Market Overview
Explore the latest insights into the German DAX index with a focus on pivotal support, resistance levels, and potential trading patterns.
Support and Resistance Levels
- Support at €21,105: This level acts as a critical neckline for a potential Head and Shoulders pattern formation. We should watch closely for any breaks below this level, as it could signal further downside movement.
- Resistance at €21,557: A new resistance level has formed close to the 61.8% Fibonacci retracement level. This resistance may contribute to forming the right shoulder of a reversal pattern.
Potential Head and Shoulders Pattern
The Head and Shoulders pattern is a key technical formation to watch for:
Formation Details: If the DAX breaks below the neckline/support at €21,105, it could confirm the formation of a Head and Shoulders pattern.
- Target Projection: A break below the neckline suggests a potential downside target around €20,452. This level aligns with the weekly fractal resistance previously breached at €20,529, which could act as support.
Happy Trading,
André Cardoso
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
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Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。