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DAX, Stocks, Europe, Technical analysis

German Dax Touches The First Target

Adel 13 October, 2021 12:42 pm Daily Technical Analysis, Technical Analysis

The German DAX index succeeded in touching the first bearish target required to be achieved during the previous report, which is located at the price of 14980, recording its lowest level at 14990.

Today, we tend to continue falling, relying on the stability of trading below 15200, in addition to receiving negative signals from the RSI, gaining bearish momentum.

Therefore, 15030 is the first awaited target, and breaking it will extend the index’s losses so that the way will be opened directly towards the 14920 level.

Note: the level of risk is high.

S1: 15030R1: 15200
S2:  14920R2: 15270
S3: 14860R3: 15370

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