GER40: Riding the Bullish Wave After Key Level Test

GER40 Bullish Momentum Confirmed

Good morning, KoraFX community! Sophia Fischer here with an intraday perspective on the GER40 (DAX 40). The data is quite compelling. We've seen a strong bullish trend developing, with the GER40 currently trading at 22499.74, up a solid 0.45% over the last 24 hours. This positive momentum is precisely what we look for; as I always say, the trend is your friend. We've seen the index hold well above crucial support levels, indicating robust buying interest and what appears to be strong institutional order flow underpinning this move. The day range, between 22350.13 and 22649.35, shows clear upward pressure.

Intraday Long Setup & Technical Rationale

Given the confirmed bullish trend, my bias for the GER40 today is firmly long. We are looking at an intraday setup where a slight pullback presents a fantastic entry opportunity. My entry point for a long position is set