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 26/01/2018
Friday’s session on the German DAX index ended with an increase of 0.31% and the rate closed above 13,350 points and during the entire week the drop reached 65 points. The good attitude of the Americans is constantly encouraging growth, the SP500 at the last session broke off from a several days lasting consolidation and finally distanced from the level of 2850 points.
Among the components of the DAX index, the best result was recorded by ThyssenKrupp AG, which gained 2.60% and Fresenius Medical Care increased by 1.57%. The worst performers were Deutsche Bank AG, which fell 0.95% and Siemens AG down 0.82%.
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The Friday session moved in range of Thurdays session creating a formation of Inside Bar. In such a situation it is best to wait for one limit to be broken. Monday’s session may not be conducive to high volatility, although there is a higher probability of increases, as the opening was above the pivot (DP) line.
After breaking the triangle thru the top (the break out was after regular session hours), one should expect an increase within range of its width, which corresponds well with the local resistance of 13,420. In case of descending lower, the level of 13,300 points should be maintained for further increase.