The German benchmark index is narrowing the gap to the low for the year to around 180 points.
W1 chart
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Source: xStation5
H4 chart
There are two possible interpretations. The bulls are hoping for a trend reversal after the false breakout at the low for the year and the rise above the high at 12,947 points. The bears, on the other hand, see the break of the short-term structure (internal structure of the upward impulse) and could expect the start of a new selling wave.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
