GERMANY 40 – Possible Daily Reversal Starting: LONG on Strategic Support
Hello, I am Trader Andrea Russo, Founder of the SwipeUP Élite FX Method, and today I want to point out this investment on Germany 40 (DAX), in a long configuration from the 23,345 area.
🔍 Technical Context
In recent days, the DAX has undergone a strong correction that has brought the price from 24,800 to test the lows in the 23,200 area. This area corresponds to a long-term daily support level, already used in the past for institutional accumulations.
The price generated a strong bearish spike right at the opening of the cash session, but without closing below the previous lows. This behavior is often indicative of a pre-reversal bearish manipulation.
Confirming this scenario, a double bottom pattern has formed with positive divergence on the 8H and daily cyclical oscillators. In addition, volumes are growing right on the support: a typical signal of an invisible accumulation phase by institutional operators.
✅ Trade Strengths
Daily static support confirmed at 23,200–23,300, already defended several times in the past.
Manipulative spike evident in the first hour of cash opening, followed by rejection of the lows.
Bullish divergence on the cyclical indicators (WT_CROSS) in H8.
Favorable risk/reward ratio (~3.6:1), with well-defined technical stop loss.
Volatility under control: the VIX is stable and the US session opened without a selloff.
Neutral/positive macro environment: weak euro, expectations of monetary easing, low pressure on bonds.
Derivatives sentiment favorable: open interest rising in the 23,300–23,400 area on DAX futures.
🎯 Operating Levels
ENTRY: 23,345
STOP LOSS: 23,170
TAKE PROFIT: 24,007
📌 This positioning allows you to operate with limited risk and a realistic objective, perfectly compatible with standard technical movements on the German index in 2–3 days.
⏱️ Expected Timings
First directional candle expected within 8–16 hours (1–2 H8 candles).
Estimated duration of the trade: between 48 and 72 hours to reach the target.
🧠 Operating Conclusion
The long investment on DAX from 23,345 represents one of the clearest technical configurations seen in the last week on European indices.
The simultaneous presence of cyclical signals, manipulation, structure and static support offers a high probability of success.
The final target at 24,007 is technically and statistically achievable with rigorous management.
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Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.