Markets

DAX – The first attempt to break out failed

the attempt by the DAX® bulls to break up the flag formation in the hourly chart to the north turned out to be an aerial number yesterday afternoon. This morning it goes one level down again: the index temporarily slips into the lower 12,700 range before stabilization began.
The overriding setup of a bullish consolidation in the hourly chart after Monday’s upward thrust remains intact. The time of the bulls is now slowly running out – if no convincing breakout to the north succeeds here, another drift should be expected.

Below 12,675 points, the bears would take command again. Within the range outlined, there is currently little need for action for market participants operating in the medium term.

DAX® in points hourly chart; 1 candle = 1 hour (logical candle chart display)

Observation period: September 8th, 2020 – October 1st, 2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

DAX® in points monthly chart; 1 candle = 1 month (logical candle chart display)

Observation period: October 1st, 2015 – October 1st, 2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

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Turbo Bull on DAX® Index for speculation on an increase in the index

UnderlyingWKNSelling price in EURBase price / knock-out in pts.leverlast valuation day
DAX® indexHR0G3N 18.2610,9757.0010/30/2020
DAX® indexHR16F6 6.1212,20020.84December 15, 2020
Source: HypoVereinsbank onemarkets; 10/01/2020; 11:32 am

Turbo Bear on DAX® Index for speculation on a price loss of the index

UnderlyingWKNSelling price in EURBase price / knock-out in pts.leverlast valuation day
DAX® indexHR14JZ 29.8015,7254.2911/30/2020
DAX® indexHR15JY 19.8114,7256.4511/30/2020
Source: HypoVereinsbank onemarkets; 10/01/2020; 11:32 am
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The contribution DAX – The first attempt to break out has failed first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

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