German Dax Facing Negative Pressure

The current movements of the German DAX indicators are witnessing a bullish bias, benefiting from building at the 15,650 support level. We tend to the negative in our intraday trading, but with caution, relying on the clear negative signs on stochastic and gradually losing the bullish momentum.

Therefore, the bearish bias may be the most likely on the short time frames, targeting a retest of 15,650/15,640 and breaking it puts the price under negative pressure, with its next target 15,570.

From above, confirming the breach of 15,570 will negate the bearish scenario immediately, and we will witness a bullish bias with the first target of 15,820, and it will extend later towards 15,860.

Note: The level of risk is high and may not be commensurate with the expected return.

S1: 15645	R1: 15770
S2: 15570	R2: 15820
S3: 15520	R3: 15890