GER30| Toward New High, Targeting 23,700

18 Mar

The DAX index has stabilised within the resistance zone and is currently trading above the support level of 23,170. At this stage, the price is expected to undergo a correction toward this support level before rising to test the resistance at 23,460. Upon reaching this level, the price is anticipated to consolidate for some time between the resistance at 23,460 and the support at 23,170. However, the overall bullish trend remains justified, suggesting that the price will eventually break through the 23,460 resistance level. Consequently, the market will enter a new high zone, with a target set at 23,700.

Bullish target: 23,460. 23,700.
Bearish target: 23,170. 23,700.

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18 Mar

İşlem aktif

The price increased by 200 pips, as previously anticipated. Upon reaching the resistance level, it encountered a correction. To achieve a new high zone, the price must break above this resistance. However, as long as it remains below this level, it is expected to consolidate between the resistance and the last support.