GER40: Bearish Rejection Looms – Targeting Fresh Lows

Market Overview & Trend Confirmation

Alright team, let's zero in on the GER40. The current price sits at 22299.27, and we've seen a clear bearish sentiment recently, with a -100.73 point drop over the last 24 hours, translating to a -0.45% change. The daily range from 22148.18 to 22450.36 clearly indicates selling pressure at the higher end of the range. My core belief is "The trend is your friend," and for the GER40, the trend is unequivocally bearish. We're witnessing consistent lower highs and lower lows on the higher timeframes, confirming this downside momentum.

Technical Confluence & Entry Strategy

My analysis points to a strong short setup on a swing timeframe. I'm looking for a retracement into a key resistance zone. My entry target is 22348. This level aligns closely with prior support that has now flipped to resistance, just shy of the 22350 and 22400 resistance levels. The confluence is strong here, as we