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.
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