German Dax touches the falling goals 25/4/2022

Negative trading dominated the movements of the German DAX index within the expected bearish context during the previous analysis, exceeding the required target at 14,130, recording its lowest level at 14,060.

On the technical side, today, we tend to the negativity in our trading, relying on the stability of trading below the previously broken support level, which was transferred to the resistance level of 14,200, accompanied by the negative pressure coming from the 50-day moving average.

Therefore, the bearish scenario is the most preferred, targeting 13,960 first target and then 13,900 next official stations, as long as the price is stable below 14,200.

Rising again above 14,200 will postpone the chances of a decline, and there may be a possibility of retesting 14,290.

Note: The risk level is high.

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

S1: 13960	R1: 14290
S2: 13845	R2: 14505
S3: 13630	R3: 14620