DAX Looks Supported todayYou can make an argument that the DAX is very overextended, as we have rallied quite drastically.
The German DAX initially pulled back a bit during the trading session on Friday, but it does look as if there are buyers underneath, especially near the €16,600 level.
This is an area that has off
GER 40 - for 6.11.2023
As seen in the previous few sessions, the index has significantly moved up breaking all the resistances. Now it has arrived at an important daily resistance range of 15280 - 15300 (20 points).
If it Breaks the support level of 15120, we can look for a good short opportunity with a range till 1503
#DAXThis is only my view #dax is in negative zone above 15950 positive
1 SUPPORT IS 15873
2 SUPPORT IS 15828
Short sell DAXGerman DAX has been consolidating in a range for a while now and today it is breaking below the key level where it was bouncing from. This is on the back of the jobs data from the US but it had been pretty weak even before that. We are looking at the target of 15,000 in the index.
DEU40 | Europe (German Index) is ready to roarDEU40 | Europe (German Index) is ready to roar
Flag setup in Daily time frame
dax gernmanyThe German index is just 3% away from an all-time high
strong outperformer against global peers.
now at 15875, can move beyond the 16300 mark
on the downside good as long as hold the 15250-15300 area
DAXactually publishing herewith my 2 old ideas one weekly dtd.13.03.2023 and other dtd.17.03.2023
just to show importance of inside candle and impact of monthly line(white)
DAX & ARCPublishing herewith another example of Arc using DAX as an example, here we are using 3 arcs
See all ideas
Frequently Asked Questions
German 40 Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy German 40 Index futures or funds or invest in its components.
The lowest ever quote of German 40 Index is 7965.3 EUR. It was reached on Mar 19, 2020.
German 40 Index reached its highest quote on Apr 2, 2024 — 18568.8 EUR.