📉Will the support at 15,185 pts stop the decline of the German index?
Yesterday's session brought a slight decline in the DAX (DE30) index, but on Tuesday the sell-off is gaining strength. During today's session, the German index is already losing over 1%.
Looking at the technical situation, we have seen corrections of a similar magnitude in the past. Currently, the index is trading near the key support at 15,185 pts. This zone is marked with the lower limit of the 1: 1 structure as well as the previous local lows. If the aforementioned zone is negated, according to the Overbalance methodology, the upward trend in which the index has been moving since February 26 may collapse.
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DE30 interval H4. Source: xStation5
