The DAX is currently consolidating at a critical level on the higher timeframes. We’re seeing indecision in the market and the next move will likely depend on how London session plays out.
If price breaks above this consolidation zone → bullish confirmation.
If price rejects and stays below → bearish continuation.
No trade until we get a clear break and retest. London might just consolidate, so patience is key.
STOXX just announced the September reshuffle of the DAX (effective Sept 22). GEA Group joins the index, while Sartorius, Scout24, and Porsche AG exit. This increases the DAX’s industrial exposure and reduces its defensive healthcare/tech weight making it more sensitive to trends.
We’re at an important decision point. Wait for London to show its hand before committing.
Good luck traders and remember this is not financial advice =)
If price breaks above this consolidation zone → bullish confirmation.
If price rejects and stays below → bearish continuation.
No trade until we get a clear break and retest. London might just consolidate, so patience is key.
STOXX just announced the September reshuffle of the DAX (effective Sept 22). GEA Group joins the index, while Sartorius, Scout24, and Porsche AG exit. This increases the DAX’s industrial exposure and reduces its defensive healthcare/tech weight making it more sensitive to trends.
We’re at an important decision point. Wait for London to show its hand before committing.
Good luck traders and remember this is not financial advice =)
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