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

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance