DAX is one of the most popular indexes in the world. It is listed on the Frankfurt Stock Exchange. Virtually daily there is a very large volatility that gives many trading opportunities.
Summary of the session 14/02/2018
Wednesday’s session brought stock market investors a lot of attractions, the DAX index gained 1.17% despite the fact that during the day there was a lot on minus, but in the second part there was a breakthrough. Estimated GDP data did not come as a surprise, the reading was 0.6% q / q.
Among the components of the DAX index, the best result was recorded by Commerzbank, which gained 3.66% and RWE by 3.25%. The worst performers were ThyssenKrupp, down 0.69%, the only component of the index below the line.
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DAX Intraday
Narrow pivot lines and thus decreasing volatility suggested yesterday that this situation will not last long and already in the afternoon we observed an attempt to “drop” the market on the data (low liquidity) and then retreat 180 degrees. The market has scored the farthest destination (S3) to reach the second pole (R3) a few hours later.
This behaviour of the market is called the “game changer” or breakthrough in the attitude of market participants and the change of sentiment to “bullish”.
The directional point is located in the area of 12,300 and slightly lower just above the huge declining candle is the region of the highest volume, which should be the object of interest of buyers with possible re-test.
