GER40 Intraday Technical Journal: Navigating the ChopGerman 40 IndexPEPPERSTONE:GER40sunyaGER40 Intraday Technical Journal: Navigating the Chop (18 Nov 2025) Disclaimer: This is not financial advice. This journal entry is for educational purposes only. Asset: GER40 (German 40 Index) Current Price: 23,260.4 Time of Analysis:9:00 AM UTC+4, 18th Nov 2025 Market Pulse: The GER40 is currently exhibiting signs of consolidation after a recent uptrend. Volume is tapering off, suggesting indecision. The immediate bias is neutral to slightly bearish, with a critical pivot at 23,280. A break above or below this level will likely dictate the next leg of movement. Intraday Strategy & Key Levels: Pivot Point: 23,280 - This is our line in the sand for today's session. Bullish Scenario (Price > 23,280): Entry: A sustained break and hold above 23,280 could signal a long entry. Confirmation on the 15-min chart is advised. Targets: T1: 23,350 (Minor Resistance) T2: 23,420 (Major Resistance, potential exhaustion point) Stop-Loss: A tight stop at 23,240. Bearish Scenario (Price < 23,280): Entry:A rejection from 23,280 or a firm break below 23,200 suggests a short opportunity. Targets: T1: 23,150 (Primary Support) T2: 23,080 (Secondary Support) Stop-Loss: A stop placed at 23,320. Technical Confluence: RSI (14) on 1H: Hovers around 55, indicating a slight loss of bullish momentum. EMA (20/50) on 1H: The 20-period EMA is flattening, hinting at a potential crossover with the 50-period EMA, which would be a bearish signal. Chart Pattern: A potential rising wedge is forming on the 4-hour chart, which often precedes a bearish reversal. A breakdown from the wedge's support line would validate the bearish scenario. Actionable Plan: Patience is key. Avoid chasing the price in the current range (23,200-23,280). Wait for a confirmed breakout or breakdown to enter a position. Manage risk accordingly.