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Trading idea: Trading idea: DAX – short chance at the 10-EMA | news

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Trading Idee: Trading Idee: DAX - Short-Chance am 10er-EMA

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The high of the upward movement was reached the day before at 16,090 points. This history high was well below the previous history high of 16,285 and just slightly above the 10-EMA. A rise only slightly above the 10-EMA is rather to be classified as an upward correction in the overriding downtrend. Therefore, the unsustainable rise above the 10-EMA was already a weakness signal. In today’s trading so far, the DAX has slipped back below the 10-EMA and could continue on course to the 50-EMA at currently 15,780 points. It should also be noted that the DAX in the big picture in the monthly chart bounced off the upper Fibonacci fan in the area of ​​16,300 points and could be facing a longer price decline. There is a short opportunity!In our own interestNEW: Receive trading ideas immediately by e-mail!In future you will receive trading ideas in your mailbox as soon as they appear! Register now for free and never miss another trading opportunity!

Conclusion:

Traders might consider going short the DAX and speculating on further downside. A short position with a Best Unlimited Turbo Warrant from Socit Gnrale offers itself (CU4L1L) on. The price target would be seen at 12,500 points in the long term. The stop could be placed slightly above the resistance at 16,500 points and should be quickly followed to debut and if possible into profit.

Trading idea: DAX

Underlying DAX (ISIN: DE0008469008)
product type Open end turbo put
issuer Socit Gnrale
ISIN/WKN leverage product DE000CU4L1L6 / CU4L1L
duration open end
Price Knockout Put (Date) 6.59/6.60 (01/14/2022, 1:40 p.m.)
Base price variable 16,510.26 points
knock-out threshold 16,510.26 points
lever 25.51
Distance to knockout 3.76%
Stop Loss Put 0.10
target put 40.10 (+530.50%)

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