DAX may have topped already

13 Nov

Since mid-August, the German index has risen nicely, gaining 2,000 points, or around 10%. However, at the end of October, the GER30 broke below its rising trendline, suggesting a potential top.

Currently, the price is consolidating within a range, and a break below 19,000 could indicate a future decline. Key support levels are at 18,300, followed by 17,300.

If you expect the index to stay below 20,000, selling rallies around 19,300 could be a viable strategy.