During yesterday's session German DAX index (DE30) hit a new record high. Nevertheless, the day ended in mixed mood and a doji candlestick pattern appeared on the D1 interval, which suggests market indecision. It is worth noting that a similar situation took place in mid-December. Back then a strong downward correction took place on the next day. If buyers fail to return above the resistance at 14,125 pts, a deeper downward move may be on the cards.
DE30 interval D1. Source: xStation5This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.