Começar
Índice DAX das ações alemãs negociadas em bolsa

Decoding German DAX: Crucial Levels and Emerging Patterns

502
GER30

Current Market Overview
Explore the latest insights into the German DAX index with a focus on pivotal support, resistance levels, and potential trading patterns.

Support and Resistance Levels

  • Support at €21,105: This level acts as a critical neckline for a potential Head and Shoulders pattern formation. We should watch closely for any breaks below this level, as it could signal further downside movement.


  • Resistance at €21,557: A new resistance level has formed close to the 61.8% Fibonacci retracement level. This resistance may contribute to forming the right shoulder of a reversal pattern.


Potential Head and Shoulders Pattern


The Head and Shoulders pattern is a key technical formation to watch for:


Formation Details: If the DAX breaks below the neckline/support at €21,105, it could confirm the formation of a Head and Shoulders pattern.

  • Target Projection: A break below the neckline suggests a potential downside target around €20,452. This level aligns with the weekly fractal resistance previously breached at €20,529, which could act as support.


Happy Trading,
André Cardoso
Andre_Cardoso
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Também em:
Chart PatternsDAX IndexHarmonic Patternshead_and_shoulder

Publicações relacionadas

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Chart PatternsDAX IndexHarmonic Patternshead_and_shoulder
Andre_Cardoso
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Também em:

Publicações relacionadas

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.