Market Analysis of DAX40 on Tuesday 24 October 2023

2023-10-24 19:38Fonte:BtcDana

Dax40 TECHNICAL ANALYSIS SHORT TERM VIEW      

Dax40 is running in downtrend and its trend is negative and its resistance area is 14845 to 14985 and overall final stop loss 15100.It can decline below 14626 level in form of wave 5 as shown in graph.Intraday purpose we can sell it at present levels with stop loss 15100 for 14750,14700 and 14650 targets respectively.

 QUICK FUNDAMENTAL LOOK                                                                     

German shares saw modest gains on Tuesday morning, with the DAX index 0.25% in the green, as investors assess the latest PMI figures suggesting an ongoing recession in the eurozone’s largest economy.

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

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