12:43 PM · 3 February 2022

DE30: Short-term profit-taking

The German benchmark index has corrected by 200 points since the weekly high reached yesterday. 

D1 chart 

The DE30 is trading more or less flat on Thursday after a weaker opening. There had already been some profit taking on Wednesday after a bounce off the 61.8% retracement. However, we are still a long way from a trend reversal.

Source: xStation5

H1 chart

The uptrend initiated with Tuesday's rise (see circle, last downward impulse in red) remains intact. However, the internal structure of the new, larger upward impulse is bearish, as the local lows (small green rectangle) were broken. Currently, the 23.6% retracement is being tested.

Source: xStation5

Maximilian Wienke, CFTe
XTB Germany

2 September 2026, 6:52 PM

Daily summary: Muted rebound on Wall Street 🗽 Metals attempt to recover as the U.S. dollar weakens

2 September 2026, 3:19 PM

US Open: Falling oil prices calm Wall Street 🗽 Dell and GitLab rise, Palo Alto falls

2 September 2026, 1:08 PM

Market wrap: The US Strikes Iran, Oil hits the markets

1 September 2026, 6:54 PM

Daily Summary: Summer Is Over. Markets Shift Into Risk-Off Mode

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits