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DAX30
The German index decreases its volatility with each day, which may indicate an upcoming breakout. Currently, we have marked another channel which, as you can see, is already narrower. I don’t really expect us to stay in this range next week so now I will be looking to enter a holdable position. I am not able to define a specific direction yet, because the stock has no trend, but at the earliest opportunity, I will be looking for a place to enter. At the moment it is a short position, but if the last local high is broken, I switch to long position immediately. A new channel is marked in the image.
