Markets

DAX – technical recovery after sell-off

thanks to a stable Wall Street performance yesterday evening, the DAX® can recover significantly today. This partially corrects yesterday’s sell-off. How is the short-term chart situation to be classified?

In the area of ​​12,800 to 12,830 points there is an important chart resistance with yesterday’s opening level. If this can be overcome, closing yesterday’s opening price gap would even be conceivable.

Until then, however, the downside risks in the German benchmark index will continue to dominate for the time being. After the current recovery phase has expired, a second sell-off in the direction of 12,500 points is to be favored. Have a nice weekend to all readers!

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

Observation period: 17.09.2020 – 16.10.2020. 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 1, 2015 – October 16, 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 17.9910,9757.9910/30/2020
DAX® indexHR16F6 5.8112,20016.14December 15, 2020
Source: HypoVereinsbank onemarkets; October 16, 2020; 11:53 a.m.

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 30.0515,7254.7911/30/2020
DAX® indexHR15JY 19.5514,7257.5611/30/2020
Source: HypoVereinsbank onemarkets; October 16, 2020; 11:53 am
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The contribution DAX – technical recovery after sell-off first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

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