DAX Declining Within The Scenario of Retesting Support

Positive trading dominated the movements of the DAX, gradually approaching our desired target at 15,460, to settle for its highest level, 15,436.

On the technical side, the current movements of the index are witnessing a stable bearish slope below the resistance level 15,400, as we find negative signs appearing on the stochastic indicator.

From here, we may witness negative trading in the coming hours, targeting a re-test of 15,270, and then 15,220, bearing in mind that breaking the last puts the price under strong negative pressure, targeting 15,140.

Surpassing the resistance level 15,400 could defeat the suggested scenario and lead the index to regain its gains again, with an initial target of 15,480.

Note: The level of risk is high.

S1: 15270	R1: 15400
S2: 15220	R2: 15480
S3: 15140	R3: 15530