German index, what to expect next?

8 ก.ย. 2024

In my previous analysis, I projected a reversal in GER40, expecting a corrective move toward the daily Fair Value Gap (DFVG) in the 18,000-18,200 range. Over the past week, the price has nearly reached this target. Looking ahead, I see two potential scenarios:

1. **Further Decline:** The price may continue to move lower, targeting the 1-hour FVG, which is also visible on the 4-hour, daily, and weekly timeframes.

2. **Rebalance and Retest:** A minor drop to the Previous Day's Low (PDL) could lead to a rebound, with a likely rebalancing toward the premium levels early next week (Monday-Thursday). This would include a retest of the Buy-to-Sell (BTS) zone and potentially the 4-hour bearish Order Block (OB), followed by more aggressive selling down to the 18,000-18,200 range.

Once this zone is reached, I'll be monitoring for a potential bounce, which I will detail in my next update.

12 ก.ย. 2024

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

target reached, got pump till 1h fvg and then sell till PWL. Not planning any other trades on this index this week