GER40: Bullish Continuation – Targeting Higher Peaks in a Confirmed Uptrend

Current Market Posture & Trend Confirmation

Good morning, traders. Looking at the GER40 today, the market is presenting a clear picture of strength. Currently trading at 22504.22, the index has shown a solid 24-hour gain of 104.22 points, translating to a 0.47% increase. This upward momentum is firmly establishing the bullish trend, and as I always say, the trend is your friend. Price action continues to respect key support levels within its 22347.89 — 22660.56 daily range. The consistent higher lows and higher highs confirm the underlying demand, indicating that buyers are in control. This sustained positive performance aligns with a broader sentiment of recovering European economic confidence, providing a foundational tailwind for the index.

Intraday Technical Setup & Entry Strategy

My analysis points to a high probability zone for a long entry on GER40. We've seen price consolidate slightly after its initial push, and I'm looking for a retest or a strong bounce off the 22450 support level. My entry is