DE40 (German Index) – 1-Day Time Frame Analysis
DE40 (German Index) – 1-Day Time Frame Analysis
The price of DE40 is nearing its all-time high at 19,677, and we’ve seen strong bullish momentum over the past several weeks. Based on this trend, there’s a good chance the price may continue to rise.
Two Scenarios to Watch:
Possible Reversal:
While the bullish trend is dominant, there’s a possibility of a short-term reversal near this key resistance. To capitalize on this, monitor the 4-hour time frame for confirmation. Look for a clear red candle before considering a short position.
Break and Retest for a Long Position:
If the price breaks through the critical level of 19,671, avoid entering a long position immediately. Instead, wait for the price to reach higher levels and then pull back to retest 19,671 as a new support zone. Once this level holds and there’s confirmation (e.g., bullish candlesticks), consider taking a long position.
Final Thoughts:
The odds favor continued bullish momentum, but patience and proper confirmation are key to avoiding false entries.
If this analysis helped you, don’t forget to like and comment. Your feedback motivates me to keep sharing insights like this!
The price of DE40 is nearing its all-time high at 19,677, and we’ve seen strong bullish momentum over the past several weeks. Based on this trend, there’s a good chance the price may continue to rise.
Two Scenarios to Watch:
Possible Reversal:
While the bullish trend is dominant, there’s a possibility of a short-term reversal near this key resistance. To capitalize on this, monitor the 4-hour time frame for confirmation. Look for a clear red candle before considering a short position.
Break and Retest for a Long Position:
If the price breaks through the critical level of 19,671, avoid entering a long position immediately. Instead, wait for the price to reach higher levels and then pull back to retest 19,671 as a new support zone. Once this level holds and there’s confirmation (e.g., bullish candlesticks), consider taking a long position.
Final Thoughts:
The odds favor continued bullish momentum, but patience and proper confirmation are key to avoiding false entries.
If this analysis helped you, don’t forget to like and comment. Your feedback motivates me to keep sharing insights like this!
Gurvinder singh
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