DAX40 consolidation breakout supported at 23400The DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23400 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23400 would confirm ongoing upside momentum, with potential targets at:
23950 – initial resistance
24116 – psychological and structural level
24250 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 23400 would weaken the bullish outlook and suggest deeper downside risk toward:
23250 – minor support
23094 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the Dax40 holds above 23950. A sustained break below this level could shift momentum to the downside in the short term.
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.
Ger40
GER40 (DAX40) Technical Forecast📊🇩🇪 GER40 (DAX40) Technical Forecast – Intraday & Swing Outlook
Asset Class: GER40 CFD (DAX40)
Current Close: 23,675.1 (20th Sept 2025, 12:50 AM UTC+4)
🔎 Technical Setup
🕯 Candlesticks: Strong rejection tails at resistance, suggesting supply pressure.
🌊 Elliott Waves: Market in corrective wave phase after strong rally.
📐 Harmonics: Possible Bearish Gartley forming near 23,950 zone.
📊 Wyckoff: Distribution signs emerging after extended markup.
📏 Gann Angles: 23,800 key pivot (time & price convergence).
☁️ Ichimoku: Price testing Kijun resistance; cloud support below 23,400.
📈 Indicators
💪 RSI (H1): 65 – nearing overbought zone.
📉 RSI (Daily): Neutral → potential downside risk.
🎯 Bollinger Bands: Pinching – volatility expansion expected.
⚖️ VWAP (Weekly): 23,520 – magnet level.
📊 MA Cross: Short-term EMA threatening bearish crossover.
⏱ Intraday Outlook
🕒 Key Levels:
🟢 Buy Zone: 23,420 – 23,480 (bounce setup).
🔴 Sell Zone: 23,800 – 23,950 (rejection expected).
🎯 Targets:
Upside: 23,720 → 23,840 → 23,950
Downside: 23,520 → 23,400 → 23,250
⚡ Bias: Range-bound with bearish tilt near highs.
📆 Swing Trading Outlook
🟢 Swing Buy Entry: 23,200 – 23,300 (strong demand zone).
🎯 Upside Swing Targets: 23,850 → 24,100 → 24,350
🔴 Swing Sell Entry: 23,900 – 24,050 (supply area).
🎯 Downside Swing Targets: 23,400 → 23,050 → 22,750
📉 Bias: Bearish divergence forming – possible correction if 23,900 rejects.
🌐 Market Context
⚠️ Eurozone slowdown + ECB policy risks may cap upside.
📊 US indices correlation → keep an eye on US500/NAS100.
🛢 Energy price spikes = potential drag on DAX industries.
📝 Trading Plan
✔️ Intraday traders: Sell rallies into 23,800–23,950 🔻
✔️ Swing traders: Accumulate near 23,200–23,300 🟢
✔️ Manage risk: Always place tight stops below support or above resistance.
🔥 Conclusion:
DAX40 (GER40) faces stiff resistance at 23,900. Intraday range traders can fade extremes, while swing traders prepare for a correction towards 23,200 support before the next big move.
For individuals seeking to enhance their trading abilities based on the analyses provided, I recommend exploring the mentoring program offered by Shunya Trade. (Website: shunya dot trade)
I would appreciate your feedback on this analysis, as it will serve as a valuable resource for future endeavors.
Sincerely,
Shunya.Trade
Website: shunya dot trade
GER40 | 30min Double Top | GTradingMethodHello traders,
Just took a short on GER40.
Potential double top on 30min chart.
I only trade double tops that have rsi diveregnce
Risk/reward = 3.4
Entry price = 23 725.8
Stop loss price = 23 763.2
Take profit level 1 (50%) = 23 622
Take profit level 2 (50%) = 23 565
Keep to hear your thoughts on the equities markets :)
This is not financial advice but just me documenting my journey
DAX40 Oversold bounce resistance at 23950The DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23400 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23400 would confirm ongoing upside momentum, with potential targets at:
23950 – initial resistance
24116 – psychological and structural level
24250 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 23400 would weaken the bullish outlook and suggest deeper downside risk toward:
23250 – minor support
23094 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the Dax40 holds above 23950. A sustained break below this level could shift momentum to the downside in the short term.
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.
GER40 Loading the Break – Big Move Coming!Hey guys,
I’ve analyzed the GER40 index for you. Right now, it’s too early to drop a clear target—the price is stuck in a consolidation zone. It’s either gonna break down or break out. Once that move happens, I’ll share the exact target right away.
For now, just waiting on the breakout.
Also, every single like from you guys is what keeps me motivated to keep sharing these analyses. Big thanks to everyone supporting me with those likes.
DAX coiling price pattern support at 23950The DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23400 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23400 would confirm ongoing upside momentum, with potential targets at:
23950 – initial resistance
24116 – psychological and structural level
24250 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 23400 would weaken the bullish outlook and suggest deeper downside risk toward:
23250 – minor support
23094 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the Dax40 holds above 23950. A sustained break below this level could shift momentum to the downside in the short term.
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.
DAX Triangle giving a strong Buy Signal.2.5 months ago (see chart below), we issued a buy signal on DAX (DE40), which hit our 24600 Target within 2 weeks:
This time the price finds itself at the bottom (Higher Lows trend-line) of a 3-month Triangle. Every Bullish Leg of this pattern was confirmed after the price closed a candle above its 4H MA50 (blue trend-line), something the index did 2 days ago.
As a result, we turn bullish again here on DAX, targeting the top (Lower Highs trend-line) of the pattern at 24400.
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👇 👇 👇 👇 👇 👇
DAX bullish consolidation support at 23950The DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23400 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23400 would confirm ongoing upside momentum, with potential targets at:
23950 – initial resistance
24116 – psychological and structural level
24250 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 23400 would weaken the bullish outlook and suggest deeper downside risk toward:
23250 – minor support
23094 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the Dax40 holds above 23950. A sustained break below this level could shift momentum to the downside in the short term.
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.
DAX40 sideways consolidation support at 23400The DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23400 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23400 would confirm ongoing upside momentum, with potential targets at:
23950 – initial resistance
24116 – psychological and structural level
24250 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 23400 would weaken the bullish outlook and suggest deeper downside risk toward:
23250 – minor support
23094 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the Dax40 holds above 23950. A sustained break below this level could shift momentum to the downside in the short term.
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.
At All-Time Highs - Can the DAX Power Higher or Time to Pause?GER40 Technical Analysis: 🇩🇪 At All-Time Highs - Can the DAX Power Higher or Time to Pause? ⏸️
Asset: GER40 (DAX 40 Index CFD)
Analysis Date : September 5, 2025
Current Closing Price: 23,654.5 (as of 11:54 PM UTC+4)
Timeframes Analyzed: 1H, 4H, D, W
Executive Summary & Market Outlook 🧐
The GER40 is trading at a historic high, showcasing a formidable bullish trend. 🚀 However, the price is now testing a critical psychological resistance zone near 23,700. The rally shows signs of minor exhaustion, with momentum indicators flashing overbought signals. This creates a classic tension between a potential breakout continuation and a healthy pullback. A decisive break above 23,700 could target 24,000, while a rejection may trigger a retracement to gather strength. This analysis provides a clear plan for intraday 🎯 and swing traders 📈.
📈 Quick Summary & Key Takeaways (TL;DR)
🔄 Market State: The DAX is at a critical Gann & Fibonacci confluence zone around 23,650. A decisive break above or below this level will dictate the next major move.
🎯 Primary Bullish Target: A breakout above 23,800 targets 24,200 - 24,500.
⚠️ Primary Bearish Target: A breakdown below 23,500 opens the path to 23,100 - 22,800.
📊 Key Indicator: RSI is neutral but showing early bearish divergence on the 4H chart, suggesting upward momentum is waning.
⭐ Trade of the Week: Short on a rejection from the 23,750-23,800 resistance cluster with a target towards 23,200.
Multi-Timeframe Technical Analysis 🔍
1. Trend Analysis (Daily & 4-Hour Chart):
Primary Trend: 🟢 Strongly Bullish. Price is well above all key Daily Moving Averages (200, 100, 50 EMA), which are fanned out and sloping upwards.
Short-Term Trend: 🟡 Bullish but Overextended. The recent ascent has been steep, suggesting the market may need a brief pause or dip to attract new buyers.
2. Key Chart Patterns & Theories:
Breakout & Consolidation: The index has broken above previous highs and is now consolidating near the peak. This can be interpreted as a bull flag formation, suggesting a potential continuation upon a breakout.
Elliott Wave Theory 🌊: T he rally from the last significant low appears to be a clear five-wave impulse. We are likely in the final stages of Wave 5. This implies that while the trend is up, a larger Wave (4) correction is becoming due. A typical retracement target for a Wave 4 is the 38.2% Fibonacci level near 22,800.
Ichimoku Cloud (H4/D1) ☁️: Price is trading high above the Cloud on daily charts, confirming the strong bullish trend. The Lagging Span (Chikou Span) is also clear of price, supporting the bullish bias. However, this extension suggests a pullback to the Cloud is possible.
Gann Theory ⏳: The 23,700 level represents a key psychological and mathematical resistance. A decisive break and close above it could open the path to the next Gann angle target.
3. Critical Support & Resistance Levels:
Resistance (R1): 23,700 - 23,800 (Key Psychological & Technical Ceiling) 🚨
Resistance (R2): 24,000 (Projected Target)
Current Closing Price: ~23,654.5
Support (S1): 23,400 - 23,500 (Immediate Support & 21-period EMA) ✅
Support (S2): 23,000 - 23,200 (Major Support - 38.2% Fib & Prior Breakout Zone) 🛡️
Support (S3): 22,600 (50-day EMA & 50% Fib Retracement)
4. Indicator Consensus:
RSI (14-period on 4H/D): Reading is between 65 and 70, signaling overbought conditions. 📛 This suggests upside momentum may be slowing and warns against chasing longs at these highs.
Bollinger Bands (4H) 📏: Price is riding the upper band, a sign of strong momentum. A move back towards the middle band (20-period SMA) would be a healthy development.
Moving Averages: The bullish alignment (EMA8 > EMA21 > EMA50) is intact. The EMA 21 on the 4H chart acts as crucial dynamic support.
Volume & VWAP: Volume has been respectable on the breakout. The Anchored VWAP from a recent swing low shows price is extended, suggesting a pullback would be healthy.
Trading Strategy & Forecast 🎯
A. Intraday Trading Strategy (5M - 1H Charts):
Bullish Scenario (Breakout Play) ⬆️: A break above 23,700 with increasing volume could trigger a momentum move higher.
Entry: On a small pullback to re-test 23,700 as new support.
Stop Loss: Below 23,650.
Target: 23,900 (TP1), 24,000 (TP2).
Bearish Scenario (Rejection Play) ⬇️: Given overbought conditions, a rejection at this resistance is a valid setup.
Entry: On bearish reversal candlestick patterns (e.g., Bearish Engulfing, Shooting Star 🌠) at 23,700.
Stop Loss: Tight, above 23,750.
Target: 23,500 (TP1), 23,400 (TP2).
B. Swing Trading Strategy (4H - D Charts):
Strategy: WAIT FOR A BETTER ENTRY. The risk/reward for new long entries at this resistance is not optimal. 🚫
Ideal Long Zones : A pullback to the 23,200 - 23,400 support confluence would offer a much higher probability long entry to ride the next leg up. ✅
Bearish Risk: A daily close below 23,000 would signal a deeper correction is likely underway, potentially targeting 22,600.
Risk Management & Conclusion ⚠️
Key Risk Events: European economic data (German Industrial Production, ZEW Survey) and ECB commentary are key drivers. 🔥 As a major export index, the DAX is also highly sensitive to global growth expectations and geopolitical developments.
Position Sizing: Due to the potential for increased volatility at key levels, always use conservative position sizing. Risk no more than 1-2% of your capital on a single trade.
Conclusion: The GER40 is bullish but testing a major ceiling. ⚖️ The trend is your friend, but the smart play here is patience. Swing traders should wait for a pullback to strong support before entering. Intraday traders can play the range between 23,500 and 23,700 until a decisive break occurs. The most probable outcome is a period of consolidation or a shallow pullback before the next major directional move. 📊
Overall Bias: 🟢 Bullish above 23,200 | 🟡 Neutral/Bearish between 23,650-23,700
For individuals seeking to enhance their trading abilities based on the analyses provided, I recommend exploring the mentoring program offered by Shunya Trade. (Website: shunya dot trade)
I would appreciate your feedback on this analysis, as it will serve as a valuable resource for future endeavors.
Sincerely,
Shunya.Trade
Website: shunya dot trade
⚠️Disclaimer: This post is intended solely for educational purposes and does not constitute investment advice, financial advice, or trading recommendations. The views expressed herein are derived from technical analysis and are shared for informational purposes only. The stock market inherently carries risks, including the potential for capital loss. Therefore, readers are strongly advised to exercise prudent judgment before making any investment decisions. We assume no liability for any actions taken based on this content. For personalized guidance, it is recommended to consult a certified financial advisor.
DAX40 bulish continuation supported at 23950The DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23400 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23400 would confirm ongoing upside momentum, with potential targets at:
23950 – initial resistance
24116 – psychological and structural level
24250 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 23400 would weaken the bullish outlook and suggest deeper downside risk toward:
23250 – minor support
23094 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the Dax40 holds above 23950. A sustained break below this level could shift momentum to the downside in the short term.
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.
Dax - Short Term Sell IdeaH1 - Strong bearish move.
No opposite signs.
Currently it looks like a pullback is happening.
Expecting bearish continuation until the two Fibonacci resistance zones hold.
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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DAX40 corrective pullback support at 23400The DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23400 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23400 would confirm ongoing upside momentum, with potential targets at:
23950 – initial resistance
24116 – psychological and structural level
24250 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 23400 would weaken the bullish outlook and suggest deeper downside risk toward:
23250 – minor support
23094 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the Dax40 holds above 23950. A sustained break below this level could shift momentum to the downside in the short term.
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.
DAX 1H — Clean break of the descending trendline from 22–29 Aug.Context
• Price has been capped by a well-defined descending trendline (orange-tagged lower highs) since last week.
• Into month-end, the selloff lost momentum and compressed into a falling wedge/descending triangle against a 23,93x–23,94x demand (marked by EQL/“weak low”).
• We’ve now impulsed through the local trendline and into the prior 1H supply band, flipping it to potential support.
Structure & confluence on the break
• Multiple BOS/CHoCH prints inside the wedge signaled absorption/basing before the break.
• The breakout occurs around the 0.618 pullback area of the last minor leg, with a neat cluster of equal lows below (liquidity left behind), and room to the upside until the next heavy area: the higher, older trendline / “Strong High” zone.
• Measured from the wedge height, the projection aligns with ~24,387 (shown on chart).
Plan (not financial advice)
• Bias: Long on breakout and/or retest of the broken trendline / prior supply.
• Entry zone: 23,970–23,986 (retest/acceptance above the break).
• Invalidation: 1H close back below 23,930–23,937 (back inside the wedge and under the micro base).
• Protective stop: 23,902 (beneath the “weak low” and wedge base).
• Targets:
• TP1: 24,060 (first 1H supply & dashed mid-range).
• TP2: 24,180–24,220 (prior EQH/dashed line).
• TP3: 24,300 (round number & prior reaction).
• Final: 24,387 (confluence with the higher trendline; your blue arrow).
• R:R guide: From ~23,980 entry to 23,902 stop is ~78 pts risk; to 24,387 is ~+407 pts → ~5.2R if full target prints.
• Management: Once price accepts above ~23,986, consider moving to BE; trail under each new 1H swing low as we stair-step up. Failure to hold 23,970 on the retest = stand aside and reassess.
Alt (bearish) scenario
• A sharp rejection from 24,06x–24,18x and a close back under 23,930 would turn the break into a fake-out, exposing 23,880 → 23,840 and, if that fails, the deeper demand around 23,80x.
Heads-up (event risk this week)
• Eurozone/Germany PMIs (Mon–Tue), Euro area flash HICP (Tue), Germany Factory Orders (Fri), and US NFP (Fri) can all inject volatility—size appropriately and be wary around release times. CFI:GER30
DAX GER40 Technical Analysis: Advanced Weekly Forecast# DAX GER40 Technical Analysis: Comprehensive Multi-Timeframe Trading Strategy & Weekly Forecast
Current Price: 23,939.4 (As of August 30, 2025, 11:54 AM UTC+4)
Asset Class: GER40 / DAX Index
Analysis Date: August 30, 2025
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Executive Summary
The DAX Index (GER40) continues to showcase remarkable resilience, trading near historic highs at 23,939.4 points. Our comprehensive technical analysis reveals the index has achieved significant milestones, with recent data showing the DE40 reaching 24,084 points on August 28, 2025, despite a monthly decline of 0.55%. The index maintains an impressive 27.35% year-over-year gain, positioning it as one of Europe's strongest performers. Technical confluence suggests potential for further upside toward the 24,500-25,000 zone, contingent on ECB policy support and improving macro conditions.
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Multi-Timeframe Technical Analysis
Elliott Wave Analysis
The DAX appears to be progressing through a complex corrective pattern within a larger degree bull market:
Primary Count: Wave 5 of (5) within a Grand Super Cycle
Alternative Count: Expanding diagonal formation in final stages
Target Zone: 24,500-25,200 for primary wave completion
Critical Support: 22,800 (Wave 4 low invalidation level)
Long-term Projection: Extension toward 26,000-27,000 in 2026
Wyckoff Market Structure Analysis
Current price action aligns with Wyckoff's Re-accumulation Phase:
Phase: Late Stage Re-accumulation transitioning to Markup
Volume Analysis: Institutional accumulation evident on pullbacks below 23,500
Price Action: Higher lows formation with narrowing consolidation ranges
Composite Operator Activity: Large player absorption at key support levels
W.D. Gann Comprehensive Analysis
Square of 9 Analysis:
- Current price 23,939.4 positioned near critical Gann square resistance
- Next major Gann level: 24,649 (significant 360-degree rotation)
- Time and price confluence: September 21-28, 2025 (Autumn Equinox influence)
- Cardinal squares active at 24,000 and 24,321
Angle Theory Application:
- 1x1 Rising Angle Support: 23,400-23,500
- 2x1 Accelerated Angle: 24,200-24,400 (next resistance cluster)
- 1x2 Support Angle: 22,800-23,000 (major correction target)
Time Cycle Analysis:
- 90-day cycle completion due: Mid-September 2025
- Seasonal Gann Pattern: September-October strength historically favors DAX
- Next major time window: October 15-25, 2025
Price Forecasting:
- Immediate target: 24,200-24,400
- Extended target: 24,800-25,200
- Correction target (if triggered): 22,400-22,800
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Japanese Candlestick & Harmonic Pattern Analysis
Recent Candlestick Formations (Daily Chart)
Doji Formation: August 28-29 showing indecision at resistance
Long Lower Shadows: Indicating strong buying support below 23,800
Hammer Patterns: Multiple occurrences near 23,500-23,600 support zone
Volume Confirmation: Bullish divergence with increasing volume on rallies
Harmonic Pattern Recognition
Bullish Gartley Pattern: Completion zone 23,200-23,400 (recent support test)
ABCD Extension: Active pattern targeting 24,480-24,650
Butterfly Pattern Potential: Watching for completion near 24,800-25,000
Fibonacci Harmony: 1.618 extension projects to 24,756 from recent swing low
Advanced Pattern Confluence
Three Drives Pattern: Currently in third drive toward 24,200+
Cypher Pattern: Potential reversal zone at 24,500-24,800
Bat Pattern Setup: Monitoring for completion signals above 24,000
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Ichimoku Kinko Hyo Analysis
Current Cloud Structure (Daily Chart)
Price Position: Solidly above Kumo cloud (strongly bullish)
Tenkan-sen (9-period): 23,847 (short-term trend line)
Kijun-sen (26-period): 23,712 (medium-term trend support)
Senkou Span A: 23,780 (leading span A)
Senkou Span B: 23,445 (leading span B - key support)
Chikou Span: Positioned above price action confirming bullish momentum
Future Kumo (26 periods ahead):
- Thick ascending cloud structure indicating continued bullish bias
- Cloud support zone: 24,200-24,400 (future support levels)
- Kumo twist anticipated: Mid-October 2025
Ichimoku Trading Signals
TK Cross: Tenkan above Kijun (bullish signal active)
Price vs Cloud: Above cloud with strong momentum
Chikou Span: Clear above price history (confirmation signal)
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Technical Indicators Deep Dive
RSI (Relative Strength Index) Analysis
Daily RSI: 64.8 (healthy bullish momentum, not overbought)
Weekly RSI: 58.3 (room for further upside)
4H RSI: 67.2 (approaching overbought but sustainable)
RSI Divergence: No bearish divergence detected, momentum intact
Bollinger Bands Analysis
Current Position: Price testing upper band resistance
Band Width: Expanding, indicating increasing volatility
BB Squeeze: Recent breakout from squeeze formation
%B Indicator: 0.78 (strong but not extreme reading)
VWAP Analysis (Volume Weighted Average Price)
Daily VWAP: 23,876 (current support level)
Weekly VWAP: 23,654 (key support zone)
Monthly VWAP: 23,423 (major trend support)
Volume Profile: High volume acceptance above 23,500
Moving Average Structure
10 EMA: 23,789 (immediate dynamic support)
20 EMA: 23,712 (short-term trend support)
50 SMA: 23,534 (intermediate support)
100 SMA: 23,287 (key trend support)
200 SMA: 22,845 (major trend support)
Moving Average Signals:
- All major EMAs in bullish alignment
- Golden Cross intact (50/200 cross maintained)
- Price above all key moving averages
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Support & Resistance Analysis
Primary Resistance Levels
1. R1: 24,000 (psychological and Gann resistance)
2. R2: 24,200-24,400 (2x1 Gann angle cluster)
3. R3: 24,500-24,650 (Harmonic completion zone)
4. R4: 24,800-25,000 (Major extension target)
5. R5: 25,200-25,500 (Long-term Elliott Wave target)
Primary Support Levels
1. S1: 23,712 (Kijun-sen support)
2. S2: 23,500-23,600 (recent swing low zone)
3. S3: 23,200-23,400 (Harmonic support/Weekly VWAP)
4. S4: 22,800-23,000 (1x2 Gann angle/100 SMA)
5. S5: 22,400-22,600 (Major correction target)
Volume-Based Support/Resistance
High Volume Node: 23,400-23,600 (strong support zone)
Low Volume Gap: 24,100-24,300 (potential fast move zone)
Volume Resistance: 24,500+ (historical selling pressure)
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Multi-Timeframe Trading Strategies
Scalping Strategy (5M & 15M Charts)
5-Minute Timeframe Approach:
Entry Signals: Pullbacks to 10 EMA with RSI <35
Profit Targets: 30-50 points per trade
Stop Loss: 20-25 points maximum risk
Volume Filter: Require above-average volume on entries
Time Window: Focus on 9:00-11:00 AM and 2:00-4:00 PM CET
15-Minute Scalping Strategy:
Range Trading: Current range 23,850-24,050
Breakout Method: Volume spike above 24,050 for continuation
Mean Reversion: Fade moves beyond 2.5 standard deviations from VWAP
Risk Management: Maximum 3 trades per session, 1:2 risk-reward minimum
Intraday Trading Framework (30M, 1H, 4H)
30-Minute Chart Strategy:
Trend Following: Long above 20/50 EMA confluence (23,750)
Pattern Trading: Flag and pennant formations near resistance
Target Methodology: Initial 24,100, extended 24,300
Risk Parameters: 40-60 point stops, 2.5:1 reward-to-risk
1-Hour Chart Approach:
Momentum Trading: MACD bullish crossovers above signal line
Support Bounces: Long positions from 23,650-23,750 zone
Resistance Testing: Monitor price action at 24,000 level
Session Management: European session focus (8:00 AM - 5:00 PM CET)
4-Hour Swing Setup:
Cloud Trading: Long positions on Ichimoku cloud support tests
Elliott Wave: Ride Wave 5 extensions toward 24,500+
Fibonacci Levels: Use 38.2% and 50% retracements for entries
Hold Duration: 2-5 days typical position holding period
Swing Trading Strategy (Daily, Weekly, Monthly)
Daily Chart Methodology:
Breakout Strategy: Long on sustained breaks above 24,000
Pullback Entries: Accumulate on tests of 23,400-23,600
Target Progression: 24,200 → 24,500 → 24,800
Position Sizing: Scale in on multiple time frame confirmations
Weekly Chart Analysis:
Primary Trend: Remains strongly bullish above 23,000
Swing Targets: 24,500-25,000 zone for major profit-taking
Risk Management: Weekly closes below 22,800 signal major reversal
Monthly Chart Perspective:
Long-term Trajectory: Multi-year uptrend intact
Secular Bull Market: Target zones 26,000-28,000 by 2026-2027
Major Support: 21,500-22,000 zone (not expected to test)
---
Day-by-Day Trading Plan: September 2-6, 2025
Monday, September 2, 2025
Market Status: Full trading session (US markets closed - Labor Day)
European Focus: Increased volatility potential due to US absence
Key Levels:
Resistance: 24,000, 24,150
Support: 23,780, 23,650
Trading Strategy:
Morning Session (9:00-12:00 CET): Range trading likely, fade extremes
Afternoon Session (13:00-17:30 CET): Reduced US influence, European-driven moves
Setup Focus: Long 23,750-23,850, Short above 24,100 without volume
Risk Management: Reduced position sizes due to holiday conditions
Tuesday, September 3, 2025
Market Outlook: Full global participation returns
Key Events: German economic data releases, ECB officials speeches
Strategy Framework:
Breakout Focus: Monitor 24,000 level for volume-confirmed breaks
Economic Data: German manufacturing PMI and employment data impact
Entry Zones: Long 23,800-23,900 on pullbacks
Target Areas: 24,150-24,300 on breakout scenarios
Risk Considerations:
- ECB policy communication sensitivity
- German economic data deviation impact
- Post-holiday volume normalization
Wednesday, September 4, 2025
Market Outlook: Mid-week momentum session with ECB focus
Key Events: Potential ECB policy signals, European inflation data
Trading Approach:
Trend Continuation: Above 23,850 favors further upside
Policy Sensitivity: ECB dovish signals bullish for DAX
Technical Setup: Watch for 1-2-3 reversal patterns at resistance
Volume Analysis: Require institutional participation for sustained moves
Thursday, September 5, 2025
Market Outlook: Pre-weekly close positioning
Focus Areas: Technical level respect, institutional flows
Strategy Elements:
Resistance Testing: 24,200-24,400 zone critical
Support Validation: 23,650-23,750 area strength
Pattern Completion: Monitor harmonic pattern developments
Risk-Off Scenarios: Safe-haven flows could pressure DAX
Friday, September 6, 2025
Market Outlook: Weekly close dynamics, position squaring
Key Considerations: NFP impact on global sentiment, weekly technical levels
Trading Framework:
Weekly Close: Above 23,900 maintains bullish structure
Profit-Taking: Expect some long position liquidation
Gap Risk: Prepare for weekend news flow impact
Setup Preservation: Maintain positions with weekly support above 23,700
---
Macroeconomic & Policy Considerations
European Central Bank Policy Impact
The ECB's monetary policy stance remains crucial for DAX performance. Recent ECB decisions show the Governing Council decided to lower the three key ECB interest rates by 25 basis points in March 2025, with domestic price pressures continuing to ease, with wages growing more slowly. This dovish stance supports equity valuations and German corporate profitability.
German Economic Outlook
The German economic environment presents mixed signals. While economic activity is expected to broadly stagnate in 2025 and trade tensions are set to significantly weigh on exports, there are positive factors including Germany's fiscal stimulus supporting better growth prospects.
Eurozone Growth Projections
The broader eurozone context shows Real GDP projected to grow by 0.9% in 2025, 1.1% in 2026 and 1.3% in 2027, with EA GDP growth to average 0.9% in 2025 and accelerate to 1.3% in 2026.
Key Risk Factors
1. Trade Policy Uncertainty: Trade policy uncertainty over recent months is expected to reduce global growth
2. Global Trade Tensions: Ongoing US-China trade dynamics affecting European exports
3. ECB Policy Divergence: Potential policy normalization pressures
4. Geopolitical Risks: Eastern European tensions and energy security concerns
---
Sector Analysis & DAX Components
Best Performing Components
Current analysis shows the champion of GERMAN STOCK INDEX (DAX) is XETR:ENR — it's gained 265.49% over the year, indicating strong sectoral divergence within the index.
Sector Rotation Implications
Technology Sector: Leading performance driving index higher
Industrial Sector: Mixed performance due to export pressures
Financial Sector: Benefiting from ECB policy normalization expectations
Consumer Discretionary: Supported by potential wage growth and consumer spending
---
Risk Management Framework
Position Sizing Guidelines
Scalping Positions: 0.5-1% account risk per trade
Intraday Trades: 1-2% account risk maximum
Swing Positions: 2-3% account risk per position
Maximum Exposure: 8% total DAX-related risk at any time
Stop-Loss Protocols
Scalping: 20-30 points maximum loss
Intraday: 50-80 points based on volatility
Swing Trading: Below key support levels (23,400 for current longs)
Technical Stops: Below major moving averages and pattern invalidation levels
Profit-Taking Strategy
Scaling Approach: Take 40% at first target, 35% at second target, hold 25% for extensions
Trailing Stops: Implement after 2:1 favorable movement
Time-Based Exits: Close positions before major ECB announcements
Pattern-Based Exits: Honor harmonic pattern completion zones
---
Weekly Outlook Probability Analysis
Bullish Scenario (Probability: 65%)
Catalysts:
- ECB maintains dovish policy stance
- German economic data shows stabilization signs
- Technical breakout above 24,000 with volume
- US-Europe trade tensions remain contained
Price Targets:
- Initial: 24,200-24,400
- Extended: 24,500-24,800
- Optimistic: 25,000+
Neutral/Consolidation Scenario (Probability: 25%)
Characteristics:
- Range-bound trading between 23,600-24,200
- Mixed economic signals from Germany
- ECB policy uncertainty
- Technical indecision at resistance levels
Trading Range:
- Upper Bound: 24,100-24,200
- Lower Bound: 23,500-23,600
- Strategy: Range trading, fade extremes
Bearish Scenario (Probability: 10%)
Risk Factors:
- Significant deterioration in German economic data
- ECB hawkish surprise or policy error
- Major geopolitical shock
- Technical breakdown below 23,400
Downside Targets:
- Initial: 23,000-23,200
- Extended: 22,600-22,800
- Crisis: 22,000-22,400
---
Advanced Trading Techniques
Correlation Analysis
EUR/USD Impact: Strong positive correlation (0.72)
US500 Relationship: Moderate correlation (0.58) with divergence potential
Bond Yields: German Bund yields inverse relationship
Commodity Exposure: Energy prices correlation through industrial components
Options Market Insights
Put/Call Ratio: Currently neutral, no extreme positioning
Options Skew: Slight put premium indicating downside hedging
Gamma Exposure: Positive gamma above 23,800, negative below
Key Strike Levels: 24,000 calls, 23,500 puts show high open interest
Institutional Flow Analysis
Foreign Investment: Positive European equity flows from US institutions
Pension Fund Activity: Rebalancing flows supporting DAX components
Hedge Fund Positioning: Net long but not extreme levels
ETF Flows: Consistent inflows into German equity ETFs
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*This analysis is for educational purposes only and does not constitute investment advice. Always implement proper risk management and consult with qualified financial professionals before making investment decisions.* Disclaimer: This post is intended solely for educational purposes and does not constitute investment advice, financial advice, or trading recommendations. The views expressed herein are derived from technical analysis and are shared for informational purposes only. The stock market inherently carries risks, including the potential for capital loss. Therefore, readers are strongly advised to exercise prudent judgment before making any investment decisions. We assume no liability for any actions taken based on this content. For personalized guidance, it is recommended to consult a certified financial advisor.
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Dax Bullish sideways consolidation?The DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23790 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23790 would confirm ongoing upside momentum, with potential targets at:
24540 – initial resistance
24670 – psychological and structural level
24980 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 23790 would weaken the bullish outlook and suggest deeper downside risk toward:
23610 – minor support
23400 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the FTSE holds above 23790. A sustained break below this level could shift momentum to the downside in the short term.
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.
GTradingMethod | GER40CASH (DE40) LONG SETUPI’m watching a possible inverse head & shoulders forming on the hourly chart and looking for a long entry if confirmed.
It will also be a good time for reversal with Europe markets opening at the close of this hour.
That gives it liquidity it needs to push up aggressively.
Some of the variables I will be looking for is 1) The hourly candle to close in the entry range and 2) Lower volume on this candle versus the trough of the left shoulders.
📊 Trade Plan:
Risk/Reward: 4.6
Entry: 24 236.3
Stop Loss: 24 194
Take Profit 1 (50%): 24 394
Take Profit 2 (50%): 24 480
💡 GTradingMethod Tip: Predefining your risk isn’t just a habit — it’s what keeps emotions out of trading and lets probability play out over time.
🙏 Thanks for checking out my post! Make sure to follow me to catch the next update. If you found this helpful, give it a like 👍 and share your thoughts 💬 — I’d love to hear what you think!
⚠️ Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.
DAX Corrective pullback supported at 23790The DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23790 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23790 would confirm ongoing upside momentum, with potential targets at:
24540 – initial resistance
24670 – psychological and structural level
24980 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 23790 would weaken the bullish outlook and suggest deeper downside risk toward:
23610 – minor support
23400 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the FTSE holds above 23790. A sustained break below this level could shift momentum to the downside in the short term.
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.
Potential bearish drop?GER40 has rejected off the resistance level, which is a multi-swing high resistance that is slightly below the 61.8% Fibonacci projection, and could drop from this level to our take-profit.
Entry: 24,546.92
Why we like it:
There is an overlap support that lines up with the 50% Fibonacci retracement.
Stop loss: 24,763.63
Why we like it:
There is a resistance level at the 78.6% Fibonacci projection.
Take profit: 23,984.33
Why we like it:
There is an overlap support that lines up with the 50% Fibonacci retracement.
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DAX bullish sideways consolidation resistance at 24540The DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23790 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23790 would confirm ongoing upside momentum, with potential targets at:
24540 – initial resistance
24670 – psychological and structural level
24980 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 23790 would weaken the bullish outlook and suggest deeper downside risk toward:
23610 – minor support
23400 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the FTSE holds above 23790. A sustained break below this level could shift momentum to the downside in the short term.
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.
Technical Analysis for GER40 (DAX) Closing Price: 23,372.80 (15th Aug 2025, 11:50 PM UTC+4)
Analysis Methods: Japanese Candlesticks, Harmonic Patterns (ABCD, M/W), Elliott Wave, Wyckoff, Gann Theory (Time/Square of 9/Angles), Ichimoku, RSI, Bollinger Bands, VWAP, Moving Averages (MA/EMA/SMA/WMA).
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1. Long-Term Trend (Weekly/Monthly)
Elliott Wave:
GER40 is likely in Wave 3 of a broader bull cycle (Wave 1 peak: 22,800, Wave 2 dip to 21,500).
Wave 3 Target: 24,000–24,500 (1.618 extension of Wave 1).
Gann Price Forecasting:
Square of 9: √23,372.80 ≈ 152.90 →
Resistance: 153² = 23,409 (immediate), 154² = 23,716 (swing target).
Support: 152² = 23,104 (daily pivot), 151² = 22,801 (Wyckoff accumulation zone).
Ichimoku (Monthly):
Tenkan/Kijun: Bullish (Tenkan: 22,900 > Kijun: 22,400).
Cloud: Price above thick Senkou Span (22,000–22,500) – structural bullishness.
Moving Averages:
Weekly SMA(100): 22,200 (major support).
Swing Outlook: Bullish. Wave 3 rally targets 24,000–24,500.
2. Medium-Term Swing (4H/Daily)
Harmonic Patterns:
Bearish ABCD on Daily:
A: 23,800 → B: 23,100 → C: 23,550 → D: 23,380–23,420 (1.272 BC extension).
Bullish Crab (W Pattern) forming near 23,100 (0.886 XA retracement).
Wyckoff Phase:
Testing at 23,400:
Upthrust rejection at 23,450 (15th Aug) on low volume.
Spring potential near 23,100 (accumulation signal).
Gann Theory:
Time Window: Aug 18–20 (Square of 9 date cluster) for breakout/reversal.
Price-Time Squaring: 23,372 aligns with Aug 15 – consolidation expected.
Gann Angle: 1x1 angle at 23,300 – close below accelerates selling.
Indicators:
RSI(14) + Bollinger Bands (Daily):
RSI: 64 (neutral, no divergence).
Price testing upper BB(20,2) at 23,450 – expansion hints at volatility.
VWAP (Weekly): 23,250 (swing support).
Swing Trade Setup:
Short near 23,400 (ABCD target) → Target 23,100. Stop-loss: 23,500.
Long near 23,100 (Crab + Gann 151² support) → Target 23,800. Stop-loss: 22,950.
3. Intraday Outlook (5M–4H)
Key Levels:
Resistance: 23,400 (Gann 1x1), 23,450 (weekly high).
Support: 23,300 (VWAP), 23,200 (Ichimoku cloud), 23,100 (psychological).
Indicators:
Ichimoku (1H):
Tenkan: 23,360, Kijun: 23,330 → Price above both (short-term bullish).
Cloud: Bullish (23,280–23,320) – strong support zone.
RSI + Bollinger Bands (4H):
RSI(14): 58 (neutral).
Price near mid-BB(20,2): 23,350 – break below signals bearish momentum.
VWAP + MAs:
VWAP: 23,340 (intraday pivot).
EMA(50): 23,310 (dynamic support).
Candlestick Patterns:
4H Shooting Star at 23,450 (15th Aug) → Bearish reversal confirmed.
1H Bearish Engulfing below 23,380 – adds downside pressure.
Gann Intraday Squaring:
Time Cycle: 8:00–10:00 AM CET (European open) for volatility.
Price Harmony: Close below 23,350 targets 23,300 → 23,250.
Intraday Trade Plan:
Sell below 23,350 → Target 23,300 (VWAP) → 23,250 (Ichimoku cloud).
Buy above 23,400 only with RSI <60 → Target 23,450.
Stop-Loss: 25–30 points risk.
Summary of Key Signals
Time Frame Bias Entry Target Stop-Loss
Intraday Bearish <23,350 23,340–23,350 23,250–23,300 23,380
Swing Bullish 23,100–23,150 23,600–23,800 22,950
Swing Bearish 23,390–23,420 23,100–23,200 23,500
Critical Events Ahead:
Gann Reversal Window: Aug 18–20 (watch for Eurozone CPI/GDP data).
Daily Close >23,450 invalidates bearish ABCD and targets 23,716.
Risk Note: GER40 is sensitive to EU political/energy risks. Use tight stops during news events.
Disclaimer: Technical analysis is probabilistic and based on historical patterns. Fundamental drivers (e.g., ECB policy, German industrial data) may override technical signals. Always use risk management.
For those interested in further developing their trading skills based on these types of analyses, consider exploring the mentoring program offered by Shunya dot Trade . (world wide web shunya dot trade)
I welcome your feedback on this analysis, as it will inform and enhance my future work.
Regards,
Shunya.Trade
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⚠️ Disclaimer: This post is educational content and does not constitute investment advice, financial advice, or trading recommendations. The views expressed here are based on technical analysis and are shared solely for informational purposes. The stock market is subject to risks, including capital loss, and readers should exercise due diligence before investing. We do not take responsibility for decisions made based on this content. Consult a certified financial advisor for personalized guidance.
German / DEU40 / GER 40 - Heading SouthThe DAX (GER40) is hovering just around 24500 – not far from recent highs – but momentum is fading and Friday’s typical “profit-taking weakness” is already setting in.
From a technical perspective, the index is stuck near VWAP with flat RSI and decreasing volume. Price has failed to convincingly break higher this week and is starting to roll over. Buyers look tired, and Friday is not usually their strongest day.
Fundamentally, things aren’t looking too solid either:
- European data continues to underwhelm.
- Global risk sentiment is shaky as everyone waits for potential fallout from the Trump–Putin meeting today.
- Inflation ghosts are creeping back in, and central banks remain as noncommittal as ever.
Conclusion for me:
I’m leaning short into into the day. If we start slipping below 24,400 with volume, I expect some acceleration.
T1: 24,410
T2: 24,300
T3: 24,100
The one unpredictable variable? Again - The world's leaders. Their random decisions can obliterate any setup in seconds. Markets follow structure... until a politician wakes up and chooses violence. Today is a special day with the upcoming Meeting - Be careful. On the other hand, - one negative news regarding this upcoming event can nuke all the high expectations that are already priced in, which, in my opinion, strenghtens this trade!
No trading advice – just how I see it.
DAX uptrend continuation breakoutThe DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23790 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23790 would confirm ongoing upside momentum, with potential targets at:
24540 – initial resistance
24670 – psychological and structural level
24980 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 23790 would weaken the bullish outlook and suggest deeper downside risk toward:
23610 – minor support
23400 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the FTSE holds above 23790. A sustained break below this level could shift momentum to the downside in the short term.
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.






















