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 03/01/2018
The bad streak on the German market was stopped, after 5 bearish sessions time came to recover and DAX grew by 0.83%, which erased the previous lossy two days. The volume, however, does not increase on the growth, on the contrary, it was lower than on the bearish first session.
Among the components of the DAX index, the best result was recorded by ThyssenKrupp AG, which gained 4.24% and Volkswagen AG increased by 3.46%. The worst performers were Fresenius, dropping 0.81% and Deutsche Bank AG down 0.30%.
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DAX Intraday
DAX recently likes triangle formations very much, the corrections take such a geometrical form and the upward stroke leads to another growth impulse, this situation also took place in the morning. The opening was above the maximum of the previous day, then DAX turned to the local resistance at 13 060. Bulls try to lead to “short squeeze” and at 13 100 (R2) rally may not end, on the other hand it should be remembered that acceleration of movement is usually in the final phase of the impulse.
