Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The bearish trend continues to control the movements of the German DAX, stable around its lowest level during the morning session of the current session 13,218.
On the technical side, we tend to be negative, depending on the negativity of the stochastic indicator, in addition to continuing trading below the previously breached support level 13,450, and the most important 13,500.
Therefore, the bearish bias is likely today targeting 13,260 and then 13,210, bearing in mind that the confirmation of the recent break is a negative pressure factor forcing the index to visit 13,120.
Trading again above 13,500 negates the activation of the suggested scenario, and we are witnessing a slight bullish slope with the target of 13,600. Warning: The risk level is high and all scenarios are possible.
| S1: 13260 | R1: 13500 |
| S2: 13120 | R2: 13600 |
| S3: 13015 | R3: 13745 |
