DAX (DAX) Down $37.5 Over Past 4 Hours, 3 Day Down Streak Snapped; Pin Bar Pattern Appearing on Chart

DAX 4 Hour Price Update

Updated September 16, 2020 11:16 PM GMT (07:16 PM EST)

The end of a 3 four-hour candle positive run has come for DAX, which finished the last 4 hour candle down 0.28% (37.5). Out of the 14 instruments in the equity indices asset class, DAX ended up ranking 7th for the four-hour candle in terms of price change relative to the last 4 hour candle.

DAX Daily Price Recap

The end of a 3 day negative run has come for DAX, which finished the day prior up 0.18% (24.01). Out of the 14 instruments in the equity indices asset class, DAX ended up ranking 10th for the day in terms of price change relative to the day prior. The daily price chart of DAX below illustrates.

DAX

DAX Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 16 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!