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DAX 30: DAX 30 – correction of the trend with таргет 9800 points

DAX 30 – uptrend

Today, the highest peak of the last session, but quickly fall to the bottom of the previous bar. Yet the price is more than 9846, no deeper bottom. Formation is still longova despite the negative movement in the morning.

The index is a positive formation. the correction today can give us good places for new buy positions. We must go 30 minutes chart to determine the input.

The negative movement this morning may be due to caution ahead of the vote of the Greek Parliament for the presidential election.

3 trading sessions remain until the end of the year, there may be an increase in volatility.

There is also a tacit rule. Rallying before Christmas, leading to a decrease in the market after the Christmas and New Year.


 Varchev Traders


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