GER40: Bullish Continuation Play – Riding the Trend Higher After Pullback

GER40 Bullish Momentum Holds Strong

Good morning, KoraFX community! Taking a close look at the GER40 this morning, the bullish trend we've been tracking remains firmly in play. Currently trading around 22520.73, the index has seen a solid 0.54% gain, adding 120.73 points in the last 24 hours. This positive momentum confirms "the trend is your friend" here. We saw the day range oscillating between 22339.63 and 22701.83, indicating some intraday volatility, but the overall market structure points to higher highs. My analysis suggests we're looking for opportunities to join this upward move on strategic pullbacks.

Technical Setup & Entry Strategy

Given the strong bullish bias, I'm eyeing a long position on the GER40. My technical review highlights key support levels at 22450 and 22400, with the day's low at 22339.63 acting as a stronger floor. I'm looking for an entry around 22463. This level sits just