DAX breakout zone retest support at 24400
The DAX remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 24400 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 24400 would confirm ongoing upside momentum, with potential targets at:
25033 – initial resistance
25180 – psychological and structural level
25340 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 24400 would weaken the bullish outlook and suggest deeper downside risk toward:
24200 – minor support
23990 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the DAX holds above 24400. A sustained break below this level could shift momentum to the downside in the short term.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GER40 (DAX) – Trading Plan for Today | February 06
🔥GER40 (DAX) – Trading Plan for Today | February 06
The session started with a short-biased open,
followed by an impulsive rejection and lack of acceptance within the daily zone,
which effectively acted as the day’s target.
This price behavior confirms continued selling pressure,
despite a short-term buyer response.
Additional cluster context:
Intraday plan
Primary scenario:
– looking for a short reaction from the daily long zone.
Downside target:
– lower boundary of the daily short zone,
– this area also aligns with a key monthly level.
Alternative scenario:
– only after acceptance and holding above the daily long zone,
a long continuation toward the reversal zone will be considered.
Key condition:
– a weekly close below 24,403
will confirm a bearish bias for the next trading week.
Until then, shorts remain the priority.
This is not financial advice. Risk management is required.
DAX GER40
DAX 25,099 SELL ZONE BOOKED PROFIT ...FIRST WIN ON DAX ANALYSIS.
DAX TO THE MOON AM WATCHING PULL BACK AND GO LONG
supply roof 25300-25350 look for supply and watch ECB policy rate for clear directional bias .
The DAX is Germany's primary stock market index, tracking the performance of the 40 largest and most liquid blue-chip companies listed on the Frankfurt Stock Exchange, such as Adidas, BMW, and Siemens. It serves as a key barometer for the German and broader European economy, representing about 80% of the exchange's market capitalization.
German 10-Year Bond Impact
The German 10-year Bund yield acts as a benchmark risk-free rate in the Eurozone, influencing DAX valuations through its effect on discount rates for future corporate earnings and borrowing costs. Rising Bond yields, like the recent jump to 2.65% amid fiscal spending plans, often pressure DAX stocks downward by making bonds more attractive relative to equities and increasing company financing expenses, though optimism from economic stimulus can drive simultaneous gains as seen when DAX rose 3.7% alongside a 20bps yield spike. Conversely, falling yields support higher stock multiples by lowering opportunity costs.
ECB Rate Decisions
ECB rate cuts typically boost the DAX by reducing borrowing costs for companies, stimulating economic activity, and weakening the euro to aid exporters in the index. For instance, anticipated 25bps reductions have propelled DAX toward record highs by easing monetary restrictions and supporting growth-sensitive sectors. Hawkish holds or hikes, however, can weigh on the index via higher yields and tighter financial conditions.
#ger40 #eu10y #ger40 #ger30 #dax
GER30 H1 | Potential Bullish Bounce
Based on the H1 chart analysis, we can see that the price has bounced off our buy entry level at 24,566.05, which is a pullback support that lines up with thr 61.8% Fibonacci retracement.
Our stop loss is set at 24,320.85, which is a multi-swing low support.
Our take profit is set at 24,878.76, whichis a pullback resistance.
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