The German leading index has been briefly set back.
W1 chart
The DAX / DE30 came close to the high for the year today, but shortly before that the index turned around and fell back. There was a false breakout in the previous week - a signal of weakness after a strong rally. However, that alone is not enough to trigger a sharper decline.
Source: xStation5
H4 chart
The DAX / DE30 rose strongly in the short-term, so that some imbalances arose - see rectangles. Therefore, there was a need for correction. After this morning's false breakout, the index fell back to 15,440 points. The most important support is the low at 15,386 points.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
📊 Morning Briefing: BoJ ขึ้นดอกเบี้ย แต่เงินเยนกลับอ่อนค่าลงสวนทาง
Nasdaq, ทองคำ และเงินพุ่งขึ้น หลัง Fed ขึ้นดอกเบี้ย
Nasdaq 100 ปรับขึ้น 1.7%
ข่าวเด่นวันที่ 18 ก.ย.