DAX Breaks Pivot: Bearish Momentum Targets Lower Support
DAX Technical Analysis:
the price has dropped below the pivot line of 19,489.2, showing signs of a bearish momentum. This break suggests potential weakness, especially after the price failed to maintain support in the highlighted zone near 19,400.
The bearish outlook remains intact as long as the price stays below the pivot and 19,400 area, suggesting that a move toward the lower support lines is probable in the short term.
Key Levels:
Pivot Point: 19400
Resistance Levels: 19490, 19565, 19660
Support Levels: 19270, 19110, 18970
Trend:
- Consolidation 19400 and 19270
- Bearish below 19400
- Bullish above 19490
the price has dropped below the pivot line of 19,489.2, showing signs of a bearish momentum. This break suggests potential weakness, especially after the price failed to maintain support in the highlighted zone near 19,400.
The bearish outlook remains intact as long as the price stays below the pivot and 19,400 area, suggesting that a move toward the lower support lines is probable in the short term.
Key Levels:
Pivot Point: 19400
Resistance Levels: 19490, 19565, 19660
Support Levels: 19270, 19110, 18970
Trend:
- Consolidation 19400 and 19270
- Bearish below 19400
- Bullish above 19490
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