Hello traders,
Here’s a look at GER40 (H1) as the index continues to respect its bearish structure after the recent strong drop.
If price retraces into either zone and shows weakness (rejection candles, slowing momentum on MACD, lower-timeframe divergence), the downtrend may resume.
Do you expect a deeper recovery first or continuation straight from here?
Here’s a look at GER40 (H1) as the index continues to respect its bearish structure after the recent strong drop.
Market Overview
- Price is still trading below major resistance levels.
- Momentum remains bearish, despite a short-term corrective bounce.
- The chart highlights two potential pullback zones where sellers may return.
Key Levels to Watch
- 23,580 – 23,960 → First pullback / resistance zone
- 24,050 – 24,300 → Upper resistance zone with higher probability for bearish continuation
If price retraces into either zone and shows weakness (rejection candles, slowing momentum on MACD, lower-timeframe divergence), the downtrend may resume.
Primary Outlook
- Bullish retracement → bearish continuation
- Final downside targets lie near the recent lows and lower support zones.
What’s your bias on GER40?
Do you expect a deeper recovery first or continuation straight from here?
