The DE30 is weakening and continues to search for a clear direction.
D1 chart
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThe DE30 loses 0.47% on Thursday, showing another sign of weakness after failing to break out of the rising wedge formation (bearish) two weeks ago and breaking the lower boundary of the rising trend channel this week.
Source: xStation5
H4 chart
Everything could be decided at the support at 15,200 points, to which the DE30 is heading again today at noon and which has been protecting the index from larger losses for three weeks. If the mark does not hold, the area between 14,770 and 14,860 points (see chart) could be targeted.
Source: xStation5
H1 chart
Nothing is lost yet, but without a reaction from the bulls soon, a deeper decline could be imminent. So far, the area between the 50% and 61.8% retracement of the recent correction proved to be too strong - the daily highs of the past five trading days can be found here. Only a break above it would create more confidence again.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
This 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.
