Market Analysis of DAX40 on Thursday 18 JULY 2024

2024-07-18 16:40Fonte:BtcDana

Technical Analysis:
The market is consolidating within the 18400 - 18500 zone, with a decisive break above 18535 needed to confirm a further upside move towards the 18650 levels. Waiting for a break and close above this level can provide good price confirmation for a bullish bias. Until this break occurs, it is prudent to wait for price action to unfold on the chart and then decide on your trading stance, as the price remains under selling pressure below 18535.

Disclaimer: Trading involves inherent risks and may not be suitable for everyone. Past performance is not indicative of future results. It is important to carefully consider your financial situation and risk tolerance before engaging in trading activities.

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