The DE30 is unable to hold the gains seen in intraday trading today.
D1
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Create account Try a demo Download mobile app Download mobile appThe DE30 is taking a breather (potential hammer candle) after a five-day rally and ahead of the upcoming Easter holiday. The main price target remains the 15,270 level, which is derived from the range of the ascending triangle.
Source: xStation5
H4
Since the low of February 26, the DE30 has gained over 10%, and as long as the rising trend channel remains intact and the price does not sustainably slip below the EMA50, further increases could follow. The area at 15,030 points is crucial for today's trading.
Source: xStation5
H1
The bulls have reached the first two Fibonacci extensions of the upward impulse that was initiated in mid-March. However, after the strong, steady upward movements of the past trading days, the risk of a correction is increasing. To maintain the main trend structure, the price must not fall below the support at 14,800 points.
Source: xStation5
Maximilian Wienke
XTB Germany
