The lengthy consolidation on the DAX means the German index is no longer technically overbought on the weekly and lower time frames. The monthly is still above 70.0 but with other global indices looking strong, the DAX could be about to break higher again.
For confirmation i would like to see a break above the bearish trend line and ideally a move above the next band of resistance between 23,900 to 24,100. If and when the DAX clears this area, any rounded retest of this zone from above could potentially offer a decent bounce trade, targeting new record highs.
Meanwhile key support continues to remain near the old highs of around 24,480 or so (shaded in blue).
By Fawad Razaqzada, market analyst with FOREX.com
For confirmation i would like to see a break above the bearish trend line and ideally a move above the next band of resistance between 23,900 to 24,100. If and when the DAX clears this area, any rounded retest of this zone from above could potentially offer a decent bounce trade, targeting new record highs.
Meanwhile key support continues to remain near the old highs of around 24,480 or so (shaded in blue).
By Fawad Razaqzada, market analyst with FOREX.com
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。