D1
The DE30 pulls back from the all-time high on Thursday and could end the four-day winning streak. After the breakout from the ascending triangle pattern and the rise of around 700 points (since Friday's low), a corrective move would be appropriate.
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Source: xStation
H4
Warning signals are increasing. The DE30 formed a bearish engulfing near the upper boundary of the wedge pattern at midday today and the bearish divergence could be associated with more selling pressure. The break below the support zone at 14,475 could trigger a sharper decline.
Source: xStation
H1
The short-term support at 14,560 points has already been broken, but as long as the DE30 remains in the trend channel, the bulls retain their advantage. The RSI-development could look attractive for a re-entry. However, the important decisions are likely to be made today at 14,560 points or at the daily low.
Source: xStation
Maximilian Wienke
XTB Germany
