Pashabxl
Short

DAX: Correction process. until 9475 then 9380

INDEX:DAX   DAX Stock Index
106 1 0
DAX             is continuing the correction phase. There may be a little upside move until 9875-9900 because of the situation of the market, although we are not yet in an oversold situation, there may be a little move up before the coreection process continue toward 9775 at first, and later until 9380.This would be a 5% correction From 100XX, which is normal in that period. We are not yet facing a reversal but just a correction.
Bare in mind that there is still plenty of cheap money in the market ( ECB 0.10%, FED 0.25%). Therefore with the end of the summer, the market may very much catch up again and the year end target might very well be above 10100
HI, the price came back to its high. do you believe the correction has finished?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out