German DAX Analysis (4H Chart)
The index moves higher as expected, tested the zone near 24650, made highs of 24800
And then returned back to the blue entry zone
The prices might re-test the ascending trendline 24250, and then continue the uptrend towards higher resistance (green) zones
Alternative Scenario:
- If prices fail to breach the immediate resistance, but breach the ascending trendline, and sustains lower, then a bearish reversal can be witnessed
Key levels
- Possible Entry = 24460
- R1 = 24642
- R2 = 25077
- Support = 23883
The index moves higher as expected, tested the zone near 24650, made highs of 24800
And then returned back to the blue entry zone
The prices might re-test the ascending trendline 24250, and then continue the uptrend towards higher resistance (green) zones
Alternative Scenario:
- If prices fail to breach the immediate resistance, but breach the ascending trendline, and sustains lower, then a bearish reversal can be witnessed
Key levels
- Possible Entry = 24460
- R1 = 24642
- R2 = 25077
- Support = 23883
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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.