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 02/03/2018

Friday’s session was fatal for holders of German shares, as well as the entire previous week, the DAX index fell 2.27%, in 5 sessions it was -4.57%. The upcoming election in Italy was a factor that intensified uncertainty and declines, but the market left it already behind.

Among the components of the DAX index, the best result was recorded by Beiersdorf, which gained 0.70% and Linde increased by 0.27%, only two companies were on plus. The worst performers were ThyssenKrupp, 4.08% and Commerzbank – 3.62%.

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DAX Intraday

The opening on the German market resulted in 60 pips below the Friday’s closing, which is a modest result in view of election and losing of the ruling party. Then the market started to drop significantly, breaking the support of S1 as well as February minimum accompanied by large orders with a limit on the sell side.


By 9:00 am, ie the opening of the cash market, the situation has reversed and the whole fall has been made up and it creates the possibility of short-squeeze, ie short positions over 12,000 points (there is 11,900 on the way), where is also directional point (DP).

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