GER40 (DAX) Analysis & Trade Ideas

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๐Ÿ“Š Market Structure & Analysis

GER40 is in a strong bullish trend, forming higher highs & higher lows.
Resistance: 22,943 โ€“ Price is testing this level; a breakout could push higher.
Support Levels: 22,132, 21,767, and 20,500 โ€“ Potential pullback zones.
Break & Retest Pattern: Price has been breaking resistance and turning it into support, confirming an uptrend.

๐Ÿ”น Bullish Scenario
โœ… Buy on pullback at 22,132 - 21,767 if price respects support.
๐ŸŽฏ Target: 23,000+
๐Ÿ›‘ Stop: Below 21,500

โœ… Breakout Buy if price breaks & retests 22,943.
๐ŸŽฏ Target: 23,500+
๐Ÿ›‘ Stop: Below 22,700

๐Ÿ”ป Bearish Scenario
โŒ Sell rejection at 22,943 if price fails to break higher.
๐ŸŽฏ Target: 22,132, then 21,767
๐Ÿ›‘ Stop: Above 23,000

โšก Final Thoughts
Market structure remains bullishโ€”focus on buying dips & breakouts. Shorts only if rejection is strong. ๐Ÿ“ˆ๐Ÿ”ฅ

#GER40 #DAX #Forex #Trading


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