DAX is showing signs of bullish reversal after reacting strongly from a major demand/support zone (24,300–24,350). Price has broken the descending trendline, indicating a potential trend shift.
🔹 Market Structure:
• BOS (Break of Structure) on the upside
• Higher low formation confirms bullish intent
🔹 Technical Patterns:
• Trendline breakout
• FVG (Fair Value Gap) fill & reaction
• Fibonacci retracement holding above 0.618 support
• Strong bullish engulfing / impulsive candles from support
📈 Trade Setup:
• BUY STOP: 24,537
• TP1: 24,624
• TP2: 24,724
• SL: 24,409
➡️ Bias stays bullish above 24,500. Acceptance above breakout level can push price toward upper liquidity zones.
🔹 Market Structure:
• BOS (Break of Structure) on the upside
• Higher low formation confirms bullish intent
🔹 Technical Patterns:
• Trendline breakout
• FVG (Fair Value Gap) fill & reaction
• Fibonacci retracement holding above 0.618 support
• Strong bullish engulfing / impulsive candles from support
📈 Trade Setup:
• BUY STOP: 24,537
• TP1: 24,624
• TP2: 24,724
• SL: 24,409
➡️ Bias stays bullish above 24,500. Acceptance above breakout level can push price toward upper liquidity zones.
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.
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.