DAX Bearish Outlook with Key Levels and Bullish Reversal Potenti
DAX Technical Analysis:
The price dropped and reached our target of about 280 points from 19260
Today, DAX still remains in a bearish trend as long as it trades below 19100, with further downside targets at 18970 and 18780.
The price must close at least a 1-hour candle above 19110 to do a bullish correction till 19260, and then the 19260 shift should be broken into a bullish trend.
Key Levels:
Pivot Point: 19100
Resistance Levels: 19250, 19330, 19490
Support Levels: 18970, 18780, 18650
Trend:
- Consolidation 19100 and 18970
- Bearish while under 19100
- Bullish by breaking 19110
previous idea:
The price dropped and reached our target of about 280 points from 19260
Today, DAX still remains in a bearish trend as long as it trades below 19100, with further downside targets at 18970 and 18780.
The price must close at least a 1-hour candle above 19110 to do a bullish correction till 19260, and then the 19260 shift should be broken into a bullish trend.
Key Levels:
Pivot Point: 19100
Resistance Levels: 19250, 19330, 19490
Support Levels: 18970, 18780, 18650
Trend:
- Consolidation 19100 and 18970
- Bearish while under 19100
- Bullish by breaking 19110
previous idea:
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