DAX Index (GER30) Trade Setup – 1H Chart Analysis
The DAX Index (GER30) is showing signs of a potential bullish reversal from a key support zone. The price has reacted at 21,975.87, indicating a possible upward move. A retracement to the **62% Fibonacci level (22,534.21) presents an optimal buy entry with a well-defined risk-to-reward ratio.
Trade Details:
- **Entry:** **22,534.21** (62% Fibonacci retracement)
- **Stop Loss (SL):** **21,975.87** (Below the recent swing low)
- **Take Profit Targets:**
- **TP1:** **23,476.14** (0% Fibonacci level)
- **TP2:** **24,056.53** (38.2% Fibonacci level)
- **TP3:** **24,995.45** (100% Fibonacci extension)
Analysis & Justification:
✔ Key Support Confirmation** – The price bounced off **21,975.87**, a significant support level.
✔ Fibonacci Confluence** – The 62% retracement level aligns with historical reaction zones.
✔ Moving Average Resistance** – A breakout above **22,600** could confirm bullish momentum.
✔ Risk-to-Reward Ratio** – The trade offers a **minimum 1.7:1 ratio**, improving with higher TP levels.
The DAX Index (GER30) is showing signs of a potential bullish reversal from a key support zone. The price has reacted at 21,975.87, indicating a possible upward move. A retracement to the **62% Fibonacci level (22,534.21) presents an optimal buy entry with a well-defined risk-to-reward ratio.
Trade Details:
- **Entry:** **22,534.21** (62% Fibonacci retracement)
- **Stop Loss (SL):** **21,975.87** (Below the recent swing low)
- **Take Profit Targets:**
- **TP1:** **23,476.14** (0% Fibonacci level)
- **TP2:** **24,056.53** (38.2% Fibonacci level)
- **TP3:** **24,995.45** (100% Fibonacci extension)
Analysis & Justification:
✔ Key Support Confirmation** – The price bounced off **21,975.87**, a significant support level.
✔ Fibonacci Confluence** – The 62% retracement level aligns with historical reaction zones.
✔ Moving Average Resistance** – A breakout above **22,600** could confirm bullish momentum.
✔ Risk-to-Reward Ratio** – The trade offers a **minimum 1.7:1 ratio**, improving with higher TP levels.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.