German Dax Gives up Gains

The German DAX index declined significantly within the negative outlook expected during the previous analysis, touching the official target of 15,140, to record its lowest level at 15,002.

On the technical side today, the bearish bias is likely today, depending on the stability of trading below the resistance level 15,200 and most importantly 15,260, in addition to the negative signs of Stochastic.

From here we target 15,000/14,990 and breaking it will increase and accelerate the strength of the bearish trend, so we will be waiting for 14,870 initially. Trading above 15,260 will immediately stop any attempts to reverse and we will witness a bullish trend targeting 15,390.

Note: The risk level is high.

S1: 14990	R1: 15260
S2: 14870	R2: 15390
S3: 14730	R3: 15520