DAX hits trend channel resistance
We believe that the DAX completed an Elliott Wave five rally from the October 14630 low to the mid-May 18892 high and then commenced a correction. The dip to the 17,024 low is viewed as part of a correction within an uptrend.
A sustained break above 18,580/00 would confirm the correction is complete and the uptrend has resumed, setting up a retest of the July 18779 high before the 18,892 all-time high.
Aware that while the DAX remains below resistance at 18,580/00, further range trading within the bullish trend channel is likely as part of an ongoing correction.
A sustained break above 18,580/00 would confirm the correction is complete and the uptrend has resumed, setting up a retest of the July 18779 high before the 18,892 all-time high.
Aware that while the DAX remains below resistance at 18,580/00, further range trading within the bullish trend channel is likely as part of an ongoing correction.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.