Dusseldorf Consolidation continues on the German stock market. The Dax falls in the first hour of trading by 0.1 percent to 13,514 points. Already yesterday, Tuesday, the leading index fell one percent and closed at 13,534 points.
The Frankfurt benchmark is thus further away from its high of 13,792 points, which was reached on Thursday last week. Accordingly, courses above 13,800 should also give a signal for the continuation of the 1400 point rally.
But how far could the Dax fall in this ongoing consolidation? So far, the leading German index has only fallen by around 2.5 percent. Four to five percent are usual in such phases, which would mean prices between 13,100 and 13,000 points. Since there are important resistances in this area anyway, this psychologically important brand is also relevant on the underside. As long as this area holds, the rally since July remains intact.
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