GER40 Riding the Bullish Wave: Intraday Long Setup Targeting New Highs

Current Market Momentum & Trend Confirmation

Alright team, let's dive into the GER40, which is showing some solid bullish momentum right now. We're currently trading around 22515.9, up a healthy 0.52% over the last 24 hours. The day range has been between 22342.05 and 22689.76, indicating clear upward pressure. My core belief, as you know, is "The trend is your friend," and right now, the overall trend for the GER40 is undeniably bullish. We've seen consistent higher lows and higher highs, suggesting that buying pressure remains dominant. European market sentiment, buoyed by recent optimism around economic resilience, seems to be providing a decent fundamental tailwind here, reinforcing the technical picture.

Intraday Long Setup & Technical Confluence

For an intraday play, I'm eyeing a long entry on the GER40. I'm looking for a potential retest or bounce around the 22460 level. This area aligns closely with the 22450 support level we've been watching, and it sits just above the stronger 22400 zone. This confluence of support is strong here, making it an attractive entry point for a continuation move. We've seen price react positively to these levels previously, which suggests institutional