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Germany 30 (DAX) Trading Analysis 26.09.2024

Posted on Sep 26th, 2024

by colibritrader

Dear traders,

It has been a while since I have not posted here.

I have been really busy running my day trading room and hence I have not been posting a trading analysis here for a long time.

Last time I shared an idea on DAX was some 2,000+ points ago.

Currently we are standing in an interesting territory to say the least.

Germany 30 (DAX) Trading Analysis 26.09.2024

DAX is at an all-time high.

We had a major sell-off in August and a V-shaped recovery quickly after.

Looks like nothing can convince the bulls to slow down their buying interest.

From a technical point of view, I am looking at a potential short opportunity, but this really depends on the price and if it slows down.

A potential scenario I am looking at is a rejection candlestick pattern that combined with the supply zone can act as a short-selling trigger.

So far, I have not taken any positions, but am patiently waiting for a confirmation…if such comes.

Until then…long live the bulls.

Happy trading,

Colibri Trader

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