And also let the day of the expiry of the “mystery” lose its horror. As the throughput was quite normal, the trading volume was also not particularly high.
So far, the mark of 13,000 has been at a distance of 7 points.
The ranking of the shares from the Frankfurt Stock Exchange and the closing price can be viewed here:
There were a few price gaps along the way that are still open and therefore are potential signs of improvement:
We will talk about these brands in my perspective.
How can DAX be continued at the beginning of the week?
Exactly a week ago, when we looked at the “Big Picture”, we noticed the importance of the overarching signal (review):
That won, and technically, you can now use the March low as a clue:
In short, I will use the shown gaps and gradient zones from the horizontal marks to derive the recovery levels:
In yesterday’s chart analysis, I outlined a starting range of 13,000 as psychological support and 13.23x as the starting recovery level for Monday.
We started the pre-sale almost unchanged. Crossing 13,150, I was targeting Friday’s highs, the region holds, and I’m also testing overnight trade lows with an option (at break) to around 13,000:
Without US trade, however, it should be a quiet day OR like Pentecost Monday, a trade day that will be revised on Tuesday.
I invite you to follow the course of trading and trading live with me and other traders on Germany’s first HD financial stream channel – the Twitch FIT4FINANZEN channel. Conveniently via the home page or app:
by the way: I will send you these graphics as a preparation for trading every morning by e-mail – if you signed up.
You will receive detailed market expectations every day in the form of an e-mail to your e-mail address.
On Monday at 3:30 pm, we will start trading live for the US session, even if there should be no trades here, with some comments on the rest of the markets. Click on this link to register:
There we go to the stocks that caused the volatility in the quarterly data and are technically exciting. There should also be a “revival” of the mail distribution list.
The transmission plan is as follows:
EU producer prices and construction output will be assessed from Germany on Monday.
At noon, we will also look at the monthly Bundesbank report.
All key data mentioned are listed here:
Consequently, I wish us every success at the start of trading this week and look forward to meeting in other formats.
Regards, Andreas Bernstein
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