German Dax loses momentum 22/4/2022

The German DAX index achieved the bullish targets required to be touched at 14,540, recording the highest of 14,616.

On the technical side today, and by looking at the chart with a 60-minute chart, the current movements of the index are settling below the resistance level of 14,480, accompanied by stochastic losing the bullish momentum gradually.

Therefore, there may be a possibility of a bearish slope targeting 14,220 initial stations, whose losses may extend towards 14,130 as long as the price is stable below 14,480.

Note: The risk level is high.

Note: CFD trading involves high risk; all scenarios may occur.

S1: 14220	R1: 14540
S2: 14130	R2: 14730
S3: 13940	R3: 14840