DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Potentially every day there is a very high volatility gives many trading opportunities.
Summary session 09.11.2016
Trump is not so bad. After a momentary panic markets returned to growth. Investors survived Brexit, it will cope with businessman President of the USA. DAX index yesterday rose more than 1.5%.
Dax stopped yesterday only in the vicinity of resistance 10700 pts and today it broke through and continued growth.
Let’s see how the situation on the intraday chart M15. DAX broke the level of 10750 points and is moving toward resistance R1 10880 points. Currently the correction should be completed in the vicinity of the broken area of 10700 – 10750 points.