DAX 40

Neutral

Archived analysis from Aug 13, 2026, 1:23 PM

Key insight

26,574 intraday ATH rejected; hold above 26,200 to stay constructive — break opens 25,923 retest

26,574 ATH hit Wed, rejected — shooting-star candle flags bull trap risk at record zone

Main risk

Strait of Hormuz / Iran conflict flare-up

Hormuz uncertainty drove Wed profit-taking from 26,574 ATH; oil spike would hit export-heavy DAX

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