The German benchmark index drops 1% on Thursday and tests the 20-day moving average.
H1 chart
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Source: xStation5
D1 chart
The DE30 is testing the 20-day moving average on Thursday after the index retreated from its record high and slipped back into the symmetrical triangle formation. The DE30 is now trading in the red this week! In the big picture, today's setback is to be seen as part of the multi-week consolidation - only below the 50-day moving average, much stronger selling pressure would be expected.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
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