Dax is Awaiting Confirmation

Positive trades dominate the movements of the German DAX, benefiting from the intraday stability above the 15,860 support level.

The technical aspect indicates the possibility of a bearish bias in the coming hours, based on the beginning of negative features on stochastic and its gradual loss of bullish momentum, in addition to the stability of trading below 15,960 resistance.

We wait for the break of 15,860 to activate the short positions, targeting 15,750/15,770, a first target, and breaking it constitutes a negative pressure factor on the index so that we will be waiting for 15,595. However, the return of price stability above 15,960 will immediately stop the suggested bearish scenario, and we will witness a retest of 16040.

Note: The risk level is high.

S1: 15750	R1: 16040
S2:  15595	R2: 16175
S3: 15460	R3: 16330