DAX - BEARISH CORRECTION BEFORE CPI

9 thg 9, 2024

Technical Analysis DAX

The price remains within a bearish zone as long as it trades below 18,520, with potential targets at 18,290 and, below that, 18,180. Ahead of the inflation data, the trend is expected to remain bearish. However, during the release of inflation data, a reversal to a bullish direction is possible due to potential rate cuts.

Stabilization above 18,520 would support a rise towards 18,640 and 18,780.

Key Levels:

Pivot Point: 18520
Resistance Levels: 18640, 18780, 18970
Support Levels: 18345, 18260, 18180

Expected Range: 18540 - 18260

Trend: Bearish as long as the price remains below 18520.

10 thg 9, 2024

Đóng lệnh: đạt mục tiêu

DAX
UPDATE

The price dropped and reached our target +220 pip profit
and still running to get 18180

11 thg 9, 2024

Đóng lệnh: đạt mục tiêu

DAX
Update

The price retested its resistance and dropped again and still running to get 18180 and under it will reach 17970
movement range will be between 18180 and 18290 till breaking