Ger30 Bearish Trend based on Resistance level in Higher T

22 août

I've conducted a thorough analysis of the GER30 (DAX index) and its technical indicators. Here's a summary of my observations and potential implications for traders:

1. Broken Bullish Trendline: The fact that the GER30 has broken below a bullish trendline on the M30 timeframe suggests a significant shift in market sentiment. This break could indicate a bearish reversal.
   
3. Retest of Resistance: The retest of the broken trendline that is now acting as resistance is a key factor. If the price fails to break back above this level, it strengthens the bearish outlook.
   
5. Higher Timeframe Resistance: Testing a strong resistance area of a bearish trending channel on higher timeframes adds more weight to this bearish analysis. The confluence of this resistance with the break of the trendline indicates a substantial selling pressure may be present.
   
7. Potential Bounce and Downward Trend: Anticipating a bounce from this resistance area aligns with my analysis of market conditions, which could lead to a strong downward trend.
   

Conclusion
Traders might consider:

• Short positions if the market shows signs of reversal at the key resistance level.
  
• Risk Management: With potential volatility, placing stop-loss orders is essential to mitigate risks.
  
• Monitoring Other Indicators: Keeping an eye on volume, RSI, or MACD could provide additional confirmation for entry and exit points.
  

Overall, our analysis presents a clear bearish sentiment for the GER30 moving forward. It's crucial to remain adaptable as market conditions can shift rapidly.

23 août

Ordre annulé

It seems like we’re experiencing some typical volatility with the GER30 (DAX index). False breakouts can be frustrating, but they are fairly common in trading. Since the market has returned to its bullish trend channel, it’s important to observe if it maintains this channel or if there are signs that it might still break the support structure as you anticipate.

Pay attention to volume signals and any technical indicators that could suggest a potential reversal. If bearish momentum starts to build, it might offer an opportunity to act on our anticipated move. Stay vigilant for any economic news or data releases that could impact market sentiment, and ensure your risk management strategies are in place.