German Dax repeats the chances of rising 8/4/2022

The German DAX index managed to trim its previous losses, trying to achieve some bullish rebound within the expected context during the previous analysis, targeting 14,390, only to record the highest 14,333.

Technically, we notice positive crossover signs that started appearing on stochastic accompanied by the stability of the index price intraday above the support level of 14,110 and in general above 14,065, and that may support the possibility of a slight bullish slope, provided that 14,350 is breached to open the way to visit 14,390 and then 14,480.

The return of trading stability again below 14,065 will immediately stop the attempts to rise and put the index price under strong negative pressure, with its initial target around 13,915.

Note: The risk level is high.

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

S1: 14065	R1: 14350
S2: 13915	R2: 14480
S3: 13780	R3: 35210