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DAX – downward gap at the start of the week – columns

Monday,
December 21, 2020
12:06

of onemarkets blog

| Views: 477

That last Friday (“DAX – plan correction”) The downward scenario outlined for the DAX® really gets going at the start of the week: The index started trading with a downward price gap and then fell further to around 13,100 points.

A risk aspect that has been swept under the carpet from the market in the past few weeks with the arguments “cheap money + vaccine comes” dominated the headlines again at the start of the week: the corona pandemic and the quasi lockdown of the United Kingdom. The bulls are taken to the slaughter at the start of the week.

In the short term, attempts to recover are conceivable, but the short-term chart situation only eases a little above 13,400 points. Until then, the downside risks dominate towards 12,800 points, potentially significantly lower.

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

old

Observation period: 11/23/2020 – 12/21/2020. 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)

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Observation period: December 1st, 2015 – December 21st, 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 HR3LT3 26.28 10,550 5.02 02/26/2021
DAX® index HR3LUN
13.02 11,875 10.14 02/26/2021
Source: HypoVereinsbank onemarkets; December 21, 2020; 11:48 a.m.
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 HR3M6L
26.58 15,725 4.93 02/26/2021
DAX® index HR3LXE 13.20 14,400 9.78 02/26/2021
Source: HypoVereinsbank onemarkets; December 21, 2020; 11:48 a.m.
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The contribution DAX – downward gap at the start of the week 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 editorial staff keeps an eye on the DAX, Dow & Co. for you and shows you how you can benefit from the ups and downs with leverage products.
http://blog.onemarkets.de

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