Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The German DAX index was able to touch the first target required to be achieved during the previous analysis, at a price of 15,280, recording a high of 15,297.
The technical outlook remains unchanged on the German DAX, maintaining positive stability. On the technical side, we find the index is still stable above 15,200 and most importantly 15,170, accompanied by the RSI’s attempts to obtain bullish momentum.
Therefore, we tend to be positive, but cautiously, targeting 13,310 and then 15,350, and the gains may extend later to visit 15,380.
Confirmation of 15,200 negates the bullish scenario completely and forces the index to enter a downside wave, whose initial target is around 15,180/15,160, and losses may extend later to visit 15,070.
Note: The level of risk is high.
| S1: 15180 | R1: 15350 |
| S2: 15065 | R2: 15410 |
| S3: 15000 | R3: 15525 |
