Dax long after end year short position

25 Okt 2022

After completing a 1-5 and a corrective a-c formation, the Dax is about to short the next few months. I expect that support level of roughly 11.700 will hold and given the current circumstances, a further push downward at the end of the year is likely. After that, technically, the Dax should aim for past better times - all under the presumption that the war in the Ukraine is not getting worse with a further downward loop for all industries.