German 40 Index

GER40 > In-Depth Detailed Analysis Of Best Levels to Buy!!

Analysis of #GER40


The GER40 is pushing down after the FED's hawkish comments from yesterday, not to mention today's hawkish comment from ECB president Lagarde.

as you can see on my chart I have highlighted three spots where I think the german index will correct, by simply using the FIB extension and seeing if it correlated with another level of interest.

>> - The first level is near the 13000 key market level, as you can see it fib 0.618 extensions, and the previous swing high and trendline support.

>> - The second level is near the 12874 key market level and the previous structure support level, also very important fib 1:1 extensions.

>> - The third level is near 12621, trendline support, previous swing low, structure support, and fib very important level 1.618 extension

Thanks for your continued support!

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