DE30: Short-term bottom gives hope

The German leading index comes under slight pressure on Thursday.

W1 chart

The DAX / DE30 is treading water this week. In the previous week, a doji was formed below the 78.6% retracement - a candle that could herald a correction after a strong upward movement. So far, the index is holding at a high level.

Source: xStation5

H4 chart

The DAX / DE30 is correcting and has pulled back 150 points from the daily high (15,273 points) in the meantime. A trend continuation is more likely than a trend reversal. The trend is intact as long as the floor around 15,075 points holds.

Source: xStation5

Maximilian Wienke, CFTe
XTB Germany

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