GER40: Bullish Momentum Confirmed – A Long Opportunity Awaits

The Trend is Our Friend on GER40

Good morning, traders. Looking at the GER40, the bullish trend is undeniable, and the data is compelling. We've seen a solid 24h change of 125.22 points, or 0.56%, propelling the index to its current price of 22525.22. This upward momentum, firmly establishing the prevailing trend, tells me institutional order flow remains on the buy side. My core belief is always to trade with the prevailing wind, and right now, for the DAX, that wind is pushing us higher. The Day Range of 22337.39 — 22713.04 further illustrates this strength, as we're trading well above the daily lows.

Technical Setup: Targeting a Bounce from Key Support

My intraday analysis points to a strong long setup here. We are looking for an entry at 22465. This level is strategically placed, sitting just above the critical support at 22450, and well clear of the more robust support at 22337.39. A bounce from this area, which has shown good confluence on the charts, signals a continuation of the bullish run. The initial resistance levels at 22600 and 22650 will be the first hurdles, but given the strength of the underlying trend, I expect these to be overcome. My stop loss is firmly placed at 22164, providing ample room below the significant 22337.39 support, ensuring we manage our risk effectively