Moin from Hamburg
as described in detail in the TC24 live trading room, the DAX is in a put situation (grey area) on a daily basis. There are many arguments for rising (e.g. interest rate cut USA) but also for falling prices - both chart technical and fundamental. The next few days will tell us more where the journey is heading. Perhaps the recently opened reporting season for US companies will provide the necessary impulses.
Dax prices above 12,400-12,440 significantly increase the chances of further increases, even long term. On the other hand, if the Dax closes below 12,300 points (end of day), the first profit target is the support line at 12,189.
Despite the good volatility on an intraday basis, daily traders should wait until the Dax is leaving the grey zone.
Good trades!
as described in detail in the TC24 live trading room, the DAX is in a put situation (grey area) on a daily basis. There are many arguments for rising (e.g. interest rate cut USA) but also for falling prices - both chart technical and fundamental. The next few days will tell us more where the journey is heading. Perhaps the recently opened reporting season for US companies will provide the necessary impulses.
Dax prices above 12,400-12,440 significantly increase the chances of further increases, even long term. On the other hand, if the Dax closes below 12,300 points (end of day), the first profit target is the support line at 12,189.
Despite the good volatility on an intraday basis, daily traders should wait until the Dax is leaving the grey zone.
Good trades!