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Germany's DAX Index Above 20,000 For The First Time Ever

  • Writer: Lester Davids
    Lester Davids
  • Dec 3, 2024
  • 2 min read

Updated: Dec 4, 2024

Tuesday 03 December 2024


  • To trade global instruments, you will need an offshore account. To get started, contact the Unum Capital Trading Desk: E-mail: tradingdesk@unum.co.za | Call: 011 384 2923

  • Germany's DAX Index Above 20,000 For The First Time, Ever

  • Sharp bullish reversal from the oversold conditions seen in August.

  • Clients of Unum Capital were alerted to the potential for a bullish reversal, supported by the automated data reading at the time.

  • Originally Published Here: https://www.unum.capital/post/dax-index-ultra-short-term-in-an-oversold-range-tuesday-06-august-2024



Long time followers of my research will also recall the DAX being highlighted at 13,000, four years in September 2020. The time-stamped chart is shown below:



 

Previous Post: DAX Index. Ultra Short Term, Trading In An Oversold Range - Tuesday, 06 August 2024

• REAL-TIME: 12h10


 

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Technology + Proprietary Insights has helped to develop automated tools and strategies that are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This page highlights readings from our Tactical Trading Guide (Price Action Tool) which is also available as a live tool via the telegram group. The tool provides automated price analysis for any tradeable instrument across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action.


The tool helps to determine and shed light on the some of the following:


  • Whether the reward-to-risk is attractive for a buy/long position?

  • Whether a share is weak or if aggressive buying is underway

  • Whether a trader can look to buy a pullback into a key moving average (continuation trade)

  • Whether a share needs to break a range for a new trend to be determined (bullish or bearish)

  • Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal

  • Whether a share could start a consolidation phase

  • Whether the upward momentum is slowing (if it's in a bullish phase)

  • Whether buyers can look to 'phase in' to a position (if it's in a bearish phase)

  • Whether a share lacks directional bias


Lester Davids

Analyst: Unum Capital


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