From TradingView · · 50s
GER30 EMA Retest: Bulls Target 26,100
DAX index retests 34 EMA support as bulls aim for 26,100 target.
In brief
DAX index retests 34 EMA support as bulls aim for 26,100 target. DAX index retests 34 EMA support with bulls targeting 26,100. Originally reported by TradingView.
DAX Index Technical Setup
DAX index completed macro retracement and bounced from key psychological support.
34 EMA Retest Strategy
Traders watch for pullback retest onto 34 ema zone as entry trigger.
Price Targets
First target at 25900.00 with final target at 26100.00.
Police Force Barricade Zone
Heavy institutional supply near 26100.00 with overbought rsi conditions.
Stop Loss Placement
Stop loss at 25200.00 to avoid premature hunting and keep risk reward tight.
Correlated Assets
Watch euro us30 for market synchronization and risk sentiment signals.
The one thing
DAX index retests 34 EMA support with bulls targeting 26,100.
