Mature uptrend, turned away at the record
DAX 40 ETF: rejected at the record high, a buy now to manage
Mature uptrend, turned away at the record
Our view last week
The DAX ETF came back to test its all-time high and was firmly rejected: after brushing the record a week ago, price has slipped to a little over 3% below the peak and the trade's gain has thinned to +1.26% from entry. The weekly structure stays bullish, but price action is turning lower and our indicators flag a cycle running out of steam: it's week 12 of a now-mature buy, one to manage with the stop.
This week's summary
The DAX 40 — the ETF tracking the German index — came back to knock on its all-time high and was firmly turned away: price has slipped more than 4% below the peak and the trade's gain is now barely above breakeven. On the daily, buyers still own the tape, yet our indicators point to a rally that's largely spent: Signal Strength is low, the primary scenario leans lower, and the quality band advises against fresh entries.
IQS Phase
43
ordinary
Signal Strength
11
low · fading
ATH distance
4.32%
4.32%
KPI 4
0/3
Trade P&L %
+0.18%
from signal to today
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