7:44 AM · 9 February 2021

Chart of the day: DE30 (09.02.2021)

During yesterday's session German DAX index (DE30) hit a new record high. Nevertheless, the day ended in mixed mood and a doji candlestick pattern appeared on the D1 interval, which suggests market indecision. It is worth noting that a similar situation took place in mid-December. Back then a strong downward correction took place on the next day. If buyers fail to return above the resistance at 14,125 pts, a deeper downward move may be on the cards.

DE30 interval D1. Source: xStation5

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