With our analyzes, we are happy to look at the different time levels and then put them together into an overall picture. The chart course of the DAX® currently provides a perfect blueprint for this procedure. Initially there was a dominant candle in the day area last week. Specifically: the dynamic sales candle of September 2, which has set the trading range for the coming days until the weekend. D. h. Since then, the stock barometer has trained three inner rods in a row. A look at the higher time level – i.e. the weekly chart – documents that the German standard values have been tending between 23,400 points and a good 24,600 points by balance since May. When investors put the tart from the month in the third step, the last three monthly candles immediately catch the eye, all of which have small candle bodies. As an intersection between all three time horizons, the current movement dynamics remains. As a consequence, the decision situation at DAX® is becoming increasingly pussy. The guardrails unchanged as a signal provider at 23,400/24,600 points.
DAX® (Monthly)
Source: LSEG, Tradesignal² / 5-year-old in the appendix
5-year-chart DAX®
Source: LSEG, Tradesignal²
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