The DAX index has stabilised within the resistance zone and is currently trading above the support level of 23,170. At this stage, the price is expected to undergo a correction toward this support level before rising to test the resistance at 23,460. Upon reaching this level, the price is anticipated to consolidate for some time between the resistance at 23,460 and the support at 23,170. However, the overall bullish trend remains justified, suggesting that the price will eventually break through the 23,460 resistance level. Consequently, the market will enter a new high zone, with a target set at 23,700.
Bullish target: 23,460. 23,700.
Bearish target: 23,170. 23,700.
Bullish target: 23,460. 23,700.
Bearish target: 23,170. 23,700.
- Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
Trade active
The price increased by 200 pips, as previously anticipated. Upon reaching the resistance level, it encountered a correction. To achieve a new high zone, the price must break above this resistance. However, as long as it remains below this level, it is expected to consolidate between the resistance and the last support.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.