The DAX future / DE30 has given back all the gains from last week.
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W1 chart
The psychologically significant level of 16,000 points has so far prevented the index from experiencing a more significant decline. A return above the 16,135 level could potentially restore optimism. However, if a swift recovery fails to materialize, there is a possibility that the important support zone between 15,816 and 15,591 points will be tested.
Source: xStation5
M15 chart
The long-term downtrend since last Monday remains intact, indicating that further losses could follow. To signal a trend reversal, the index would need to reclaim the local high at 16,069 points and surpass the moving averages. A crossover would serve as an additional confirmation signal.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
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