During the previous trading session, the positive dynamics of the DAX 40 movement were seen. On a longer time-frame, the upward price movement vector also prevails.
The support and resistance levels:
The nearest support is set at the 23434.99 mark.
The Bullish Doji Star pattern has formed here. This pattern is a combination of two Japanese candlesticks. The first candle is with a long real body, and the second candle is a doji, which opens with a gap up.
The nearest resistance is set at the 23890.48 mark.
The Bearish Engulfing pattern formed this level. It consists of two Japanese candles: the first candle is located inside the body of the second candle.
Trading recommendations:
The price movement dynamics for a longer period of time as well as the latest signals on the chart indicate the long positions opening intraday. The entry points can be considered from the nearest support levels.
DAX 40 H1: The Price Action Forecast for the American Session on 1.12.2025
