DE30: Traders undecided

3:15 PM 22 April 2021

The DE30 fluctuates between gains and losses on Thursday.

D1 chart

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The DE30 is trading unchanged on Thursday from yesterday's close. On Wednesday, the index climbed back above the previously broken support zone at 15,200 points, after giving up all of the previous week's gains in the first two days of the week.

Source: xStation5

H4 chart

The sideways range from the first half of April from 15,180 to 15,320 points again determines the price action this week. After the failed breakout attempt at the lower limit, the DE30 has fought its way back to the upper side.

Source: xStation5

H1 chart

The DE30 managed to recover to the 50% retracement of the recent sell-off. Whether the recovery that was initiated yesterday afternoon is sustainable will be seen soon. While the bulls could argue with a new short-term trend structure, the bears are likely to see only an upward correction.

Source: xStation5

Maximilian Wienke
XTB Germany

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