GER 40 Poised to Reach 19,300 - 19,450
The GER 40 has broken out from two strong resistance zones that previously halted its progress, indicating potential for further gains. This week, we’ve observed a general uptrend across most indices, with the GER 40 being a notable performer.
After a prolonged period, the price tested the 18,900 zone and successfully broke through. This breakout has formed a bullish triangle pattern, suggesting further growth and the possibility of new all-time highs.
It seems incredible, but indices are hitting record highs even as market discussions revolve around recession and other uncertainties. Given the current momentum, the GER 40 may easily reach the 19,300 - 19,450 range.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
The GER 40 has broken out from two strong resistance zones that previously halted its progress, indicating potential for further gains. This week, we’ve observed a general uptrend across most indices, with the GER 40 being a notable performer.
After a prolonged period, the price tested the 18,900 zone and successfully broke through. This breakout has formed a bullish triangle pattern, suggesting further growth and the possibility of new all-time highs.
It seems incredible, but indices are hitting record highs even as market discussions revolve around recession and other uncertainties. Given the current momentum, the GER 40 may easily reach the 19,300 - 19,450 range.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
Trade closed: target reached
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
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.