DAX (DE40) The Week Ahead 03rd March ’25
Market Sentiment:
The DAX index maintains a bullish outlook, supported by the long-term uptrend. However, recent sideways consolidation near the rising support trendline suggests a potential corrective pullback before the next move.
Bullish Scenario:
Key Support: 22234 (previous consolidation range, 20-day moving average, and rising trendline).
A bounce from 22234 would reinforce the uptrend and could drive price action higher.
Upside Targets:
22700 (initial resistance)
22900 (next resistance level)
23100 (long-term target)
A successful hold above 22234 would signal continued bullish momentum, strengthening the case for further gains.
Bearish Scenario:
A break below 22234, confirmed by a daily close, would weaken the bullish structure.
This could lead to a deeper retracement, targeting:
21780 (next key support)
21254, if selling pressure intensifies
A sustained move below 22234 would invalidate the bullish outlook, increasing the probability of a broader correction.
Market Outlook:
The 22234 remains the key pivot level—holding above this zone keeps the bullish bias intact, while a breakdown could indicate extended downside risk. Traders should monitor price action and volume around this level for confirmation of the next trend direction.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The DAX index maintains a bullish outlook, supported by the long-term uptrend. However, recent sideways consolidation near the rising support trendline suggests a potential corrective pullback before the next move.
Bullish Scenario:
Key Support: 22234 (previous consolidation range, 20-day moving average, and rising trendline).
A bounce from 22234 would reinforce the uptrend and could drive price action higher.
Upside Targets:
22700 (initial resistance)
22900 (next resistance level)
23100 (long-term target)
A successful hold above 22234 would signal continued bullish momentum, strengthening the case for further gains.
Bearish Scenario:
A break below 22234, confirmed by a daily close, would weaken the bullish structure.
This could lead to a deeper retracement, targeting:
21780 (next key support)
21254, if selling pressure intensifies
A sustained move below 22234 would invalidate the bullish outlook, increasing the probability of a broader correction.
Market Outlook:
The 22234 remains the key pivot level—holding above this zone keeps the bullish bias intact, while a breakdown could indicate extended downside risk. Traders should monitor price action and volume around this level for confirmation of the next trend direction.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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.