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DAX40
The German index yesterday’s sessions were falling practically all the time, which is a nice change compared to the previous week, where most of the session was a very small range of moves. Earlier designated corrections in the trend movement kept the price rebounding from the designated levels. The last correction was slightly larger. The comparison of the range of the last correction shows us the support point where the price has already stopped, thanks to which the level is quite strong. However, as I wrote today, we are not catching the trough, we are waiting for the local peaks to be broken from a low time interval so that we have confirmation of a rebound.
Today’s turning points:
Daily R3 16315
Daily R2 16260
Daily R1 16170
Daily PP 16115
Daily S1 16030
Daily S2 15970
Daily S3 15880
