Trading idea: DAX is falling, has the trend changed now?

If the DAX slips beneath the outdated resistance at 13,750 factors for a very long time, the scenario will deteriorate additional and one other return to the 10-EMA on the each day chart at 13,680 factors is predicted. If it falls additional, help at 13,400 factors is more likely to be the subsequent method. It needs to be famous that the S&P 500 can be nonetheless buying and selling within the higher resistance space of ​​the descending pattern channel on the weekly chart round 4,300 factors and will additionally bounce decrease right here. This must also add to the draw back strain on DAX.

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Trading Idea: DAX Weekly Chart

conclusion:

Merchants can think about a brief place on the DAX within the 13.750 / 13.800 level vary and speculate for a renewal of the correction. Promote ​​with a Put Turbo promote order (VV4LZM) Fontobile Financial institution. The goal value shall be round 13,400 pips. The cease loss might be positioned at 13,850 factors and should be adopted rapidly to make a debut and, if doable, to make a revenue.

Buying and selling Concept: DAX
latent DAX (ISIN: DE0008469008)
Product Kind Turbo observe
Supply Fontobelle
ISIN / WKN Leverage Product DE000VV4LZM8 / VV4LZM
Interval open finish
Knockout cost in value (date) €4.92 / €4.93 (08/17/2022, 2:40 p.m.)
base value variable 14200.00 factors
Knockout threshold 14200.00 factors
Crane 28.80
The gap to the knockout 3.22%
cease loss setting 3.31 €
Goal 7.81 euros (+63.73%)

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