DAX Analysis: Consolidation Signals Pending Breakout
DAX Technical Analysis:
The price is anticipated to consolidate between 19100 and 18975 until a breakout occurs. A close below 18975 on the 4-hour chart would signal a bearish trend, with potential targets at 18890 and 18780.
Conversely, a 4-hour close above 19110 would support a bullish trend, likely driving the price toward 19250.
Key Levels:
Pivot Point: 19020
Resistance Levels: 19110, 19250, 19330
Support Levels: 18970, 18780, 18650
Trend:
- Consolidation 19100 and 18970
- Bearish below 18970
- Bullish above 19110
previous idea:
The price is anticipated to consolidate between 19100 and 18975 until a breakout occurs. A close below 18975 on the 4-hour chart would signal a bearish trend, with potential targets at 18890 and 18780.
Conversely, a 4-hour close above 19110 would support a bullish trend, likely driving the price toward 19250.
Key Levels:
Pivot Point: 19020
Resistance Levels: 19110, 19250, 19330
Support Levels: 18970, 18780, 18650
Trend:
- Consolidation 19100 and 18970
- Bearish below 18970
- Bullish above 19110
previous idea:
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