Handelsblatt editor explains what can be read from the chart technique for the further course of trading.
(Photo: Getty Images)
Consolidation began on the German stock market on Wednesday. That had nothing to do with the rocket hit in Poland on Tuesday evening.
Because at the start of trading, the leading German index was still unchanged compared to the previous day’s close, at the end of trading the minus was one percent with a final value of 14,234 points. The price reaction on Wall Street also showed that the stock exchange had never seriously considered the scenario of a NATO entry into the war.
The price losses on the German stock market were no surprise, however, because the Dax has rallied by 2500 points since the end of September. From a technical point of view, the leading index was overbought, i.e. it had risen too high too quickly. Subsequent setbacks are considered healthy and should not change anything in the intact upward trend.
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