DAX will reach its ATH having Support from the 1day MA50.
The 1day MA50 is approaching DAX for the first time in 2 months. This is the first Support on every long term uptrend.
Support A is at 15000 and can be hit on a wick to provide the bounce DAX needs.
Our Target 1 is Resistance A (15660) and long term its All Time High on Resistance B (16300).
The 1day RSI is well supported on its 5 month Rising Support, meaning the index can rebound any moment.
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Support A is at 15000 and can be hit on a wick to provide the bounce DAX needs.
Our Target 1 is Resistance A (15660) and long term its All Time High on Resistance B (16300).
The 1day RSI is well supported on its 5 month Rising Support, meaning the index can rebound any moment.
Follow us, like the idea and leave a comment below!!
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