GER40: Short Setup as Bearish Trend Intensifies – Targeting Lower Support

Trend Analysis & Market Context

Good morning, KoraFX community! Vivaan Kumar here with my thoughts on the GER40. Looking at the current market data, the trend is unequivocally bearish, and as we all know, "the trend is your friend." GER40 is currently trading around 22273.97, down -126.03 (-0.56%) over the last 24 hours. This confirms the downward pressure we've been seeing. The daily range from 22084.93 to 22463.01 shows us that sellers are still in control, pushing the price towards the lower end of the range. My analysis indicates a strong confluence for a swing short position here.

Technical Confluence & Trade Setup

My focus is on identifying key rejection zones that align with the prevailing trend. I'm looking for an entry around 22334. This level sits comfortably beneath the immediate resistance at 22350 and the intraday high of 22463.01, suggesting