The German benchmark index has lost almost 400 points from Tuesday's high.
D1 chart
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Create account Try a demo Download mobile app Download mobile appThe DE30 has turned around this week just before reaching important resistances (September high and 78.6% retracement), leaving the long-term downtrend intact. A Bearish-Engulfing was formed yesterday after the breakout above the previous week's high failed for the second time.
Source: xStation5
H1 chart
The DE30 continued the short-term downward move today, reaching a lower low - with the index falling to its lowest level since Friday. Yesterday's break below support at 13,233 may have signalled a change in direction.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
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