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German Dax: Facing Selling Pressure 14/2/2022

The movements of the German DAX index witnessed negative trading, recording its lowest level at 15,110 after it recorded the highest at 15,500.

Technically, by looking at the 60-minute chat, we notice that the stochastic indicator continues to receive negative signals, accompanied by the momentum indicator gaining negative signals on the short intervals.

The possibility of a decline may be an effective scenario during today’s trading session to visit the areas of 15,015 initial stations and breaking it puts the index price under negative pressure towards 14,865 next stations as long as the price is generally stable below 15,400.

Note: the level of risk is high

S1: 15015R1: 15405
S2: 14865R2: 15650
S3: 14625R3: 15795

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