Market Analysis of DAX40 on Tuesday 17 October 2023

2023-10-17 18:12Source:BtcDana

DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW     

 DAX40 has strong resistance   15230 to 15300 levels and it can fall towards  towards 15075  levels  without touch 15355 level positionally.Overall trend is negative  and intraday purpose we can sell it with stop loss 15355 for 15180, 15160 and 15130 targets respectively.Wave 5 is running and it can take dax40 below 14950 level ,overall trend stop loss is 15350.

 QUICK FUNDAMENTAL LOOK                                                                     

European stocks were flat on Tuesday as a slew of downbeat earnings reports countered a boost from healthcare and energy shares amid a slight pullback in concerns about risks from the Middle East conflict.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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