Underlying value/ current price: XETRA close 15043 (XDAX pre-exchange ~15225)
current resistances: 15310/15317 + 15374/15407 + 15543/15572(R3) + 15621/15653 + 15695(a=c)
current supports: 15130 + 15060/15000 + 14850/14815 (“Klippe”) + 14587 (S3)
Key statement: DAX pullback low 15060 reached as planned! upside chance!
suitable derivative:
- only with me in the premium service “ADT”
Detailed description:
The DAX reached as advised for DAX 15370the normal lower reaction target at DAX 15060, as a pullback reaction to the first rise from 15844 to 15547.
Under normal conditions, the DAX has the chance to rise from 15060, ultimately even up to 15543 or 15695(a=c).
The pre-market is correspondingly friendly, currently clocking at 15225.
First resistance of the day is 15309.
The DAX rise chance to 15543 or 15695(a=c) over 15317 and above all over 15374/15409 (EMA200/Kijun/day) assumes concrete forms.
Below 15309 the chart does not improve significantly.
The second derivable DAX increase route to 15543 or 15695(a=c) is omitted specifically under 15844, the starting point of the 1st route.
In this case, the big “cliff”, the tear-off edge 14815, comes under pressure very quickly, which would send the DAX plummeting to 13800/13600 if activated.
In this regard, 14587, the pivot support S3 of the day, would already be available today.
The VDAX is still very high at 30.70%. This means that the protective mechanisms of large banks (HEDGE) are highly active.
I wish you success!
Rocco Grafe
DAX BEFORE/ AFTER
BEFORE
DAX daily candle chart, XETRA, simplified representation
LATER
DAX hourly candlestick chart, XETRA
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