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DAX, Stocks, Europe, Technical analysis

German DAX Starts on Negative Side

Adel 24 March, 2021 12:08 pm Daily Technical Analysis, Technical Analysis

The current movements of the German DAX index are witnessing a bearish bias, after finding a strong resistance level around 14,720.

On the technical side, we are biased towards the negativity relying on the obvious negative crossover signals on Stochastic. Therefore, we target 14,530/14,520, and then 14,430 next stop.

The return of trading to stability above 14,720 will stop the bearish bias, and we will witness a re-test of 14,810 before retreating again.

Note: The level of risk may be high today.

S1: 14525R1: 14720    
S2: 14425    R2: 14815   
S3: 14330   R3: 14910   

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