The German benchmark index has been rising for four trading days in a row.
D1 chart
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Create account Try a demo Download mobile app Download mobile appThe DE30 continues to rise this week and has reached the 78.6% retracement of the previous downward impulse. The long-term downtrend remains intact. The earliest signal that could indicate a trend reversal would be a rise above the September high at 13,569 points.
Source: xStation5
H1 chart
The DE30 began to correct last night and today has approached yesterday's daily low at 13,056 points. This represents the most important support in the short-term. As long as this level is defended, a further rally is possible. A break to the downside could end the upward trend.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
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