Market Analysis of DAX40 on Wednesday 20 NOVEMBER 202

2024-11-20 19:43Source:BtcDana

DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW    


DAX40 running in positive trend and its immediate strong support are 18978 to 19086 level .  Stop loss is 19800 level and it can rise above 19678 level in form of wave 5 after completion of double zigzag correction pattern  .Intraday purpose buying is better for targets19160,19185 and 19210 levels respectively with stop loss 18800 level.

QUICK FUNDAMENTAL LOOK                                                                    


Europe's main stock index was set to snap a three-session streak of declines on Wednesday as technology stocks rebounded, while safe-haven bids took a backseat as investors monitored ongoing developments around the Ukraine-Russia conflict.


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

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