German Dax: Negative Pressure in Place 28/1/2022

Mixed trading Dominated the movements of the German DAX index during the previous session to find a good support floor around 15,1120, which forced it to rebound slightly upward.

On the technical side, today, and carefully looking at the 60-minute chart, we find stochastic started losing the bullish momentum gradually, in addition to stabilizing the intraday trading below the previously broken support level at 15,610.

Therefore, the daily trend remains bearish, knowing that trading below 15,160 facilitates the task required to visit 15,110 and 14,910, respectively as long as the price is stable below 15,610.

Note: the level of risk is high.

Note: CFD Trading involves risks, all scenarios are open.

S1: 15160	R1: 15615
S2: 14910	R2:  15825
S3: 14690	R3: 16075