The German DAX index still needs to be rebounded

By Biznes-Broker | Analysis of the financial markets | 1 Oct 2021

DAX40

Daily S3 15650
Daily S2 15560
Daily S1 15410
Daily PP 15320
Daily R1 15160
Daily R2 15070
Daily R3 14920

Here we have a similar situation as in the Nasdaq, I also expect a deepening of the decline and a rebound from the support zone. In the DAX40 it coincides with the designated OverBalance which we determined based on the last relegation range. In the place marked in the picture, I am going to wait for the signal and include long positions. I also expect a rebound from the level and a return for hedging orders to "clear" less experienced investors.

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Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.

Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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