12:24 PM · 2 February 2023

DE30 clearly up despite profit-taking

The German leading index began to weaken Thursday afternoon.

W1 chart

The DAX / DE30 could break above the 78.6% retracement this week and confirm the uptrend with a higher high. The gap to the ATH has been reduced to less than 6%. Short-term support is at the low of 14,961 points.

Source: xStation5

H4 chart

Today, the DAX / DE30 continued yesterday's rally and reached the highest level of the day at 15,495 points. Yesterday evening, the bulls broke free from the multi-day sideways range. There are important supports at 15,302 and 15,177 points.

Source: xStation5

Maximilian Wienke, CFTe
XTB Germany

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