Markets

DAX – Overdue downward correction in progress – Columns

Friday,
12/11/2020
11:55

from onemarkets blog

| Views: 490

the DAX® slipped below the Sales trigger at 13,325 Points and gave way. The subsequent recovery ended on the downtrend on the hourly chart. On Friday morning the index gives way and falls to the mentioned 13,150s Brand back.

Below the downtrend line in the hourly chart, the path of least resistance remains clearly south for a short time. However, short-term recoveries in the direction of the downtrend line cannot be ruled out. Procyclical buy signals only arise here above 13,330 points, until then the downside risks towards 13,050 points dominate, then the area around 12,800 points. Have a nice weekend to all readers!

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

old

Observation period: November 18, 2020 – December 11, 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)

old

Observation period: December 1st, 2015 – December 11th, 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

Underlying WKN Selling price in EUR Base price / knock-out in pts. lever last valuation day
DAX® index HR2R6V 37.75 9,425 3.49 December 15, 2020
DAX® index HR1LYP 27.44 10,450 4.80 December 15, 2020
Source: HypoVereinsbank onemarkets; 12/11/2020; 10:41 am
Turbo Bear on DAX® Index for speculation on a price loss of the index
Underlying WKN Selling price in EUR Base price / knock-out in pts. lever last valuation day
DAX® index HR3D4F
25.67 15,725 5.16 December 15, 2020
DAX® index HR1Z94 14.69 14,625 8.97 December 15, 2020
Source: HypoVereinsbank onemarkets; 12/11/2020; 10:41 am
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The contribution DAX – Overdue downward correction is ongoing first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

In the onemarkets blog, experts from HypoVereinsbank onemarkets and technical analysts from GodmodeTrader will tell you what will move the markets before the stock market starts. During the day, the editors keep an eye on the DAX, Dow & Co. for you and show you how you can benefit from the ups and downs with leverage products.
http://blog.onemarkets.de

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