- DAX reversed from support area
- Likely to rise to resistance level 24000.00
DAX index recently reversed from support area between the support level 23000.00 (lower border of the sideways price range inside which the price has been moving from June) and the lower daily Bollinger Band.
The upward reversal from this support area stopped the previous minor impulse wave C of the intermediate ABC correction (4) from July.
Given the clear daily uptrend, DAX index can be expected to rise to the next resistance level 24000.00.
- Likely to rise to resistance level 24000.00
DAX index recently reversed from support area between the support level 23000.00 (lower border of the sideways price range inside which the price has been moving from June) and the lower daily Bollinger Band.
The upward reversal from this support area stopped the previous minor impulse wave C of the intermediate ABC correction (4) from July.
Given the clear daily uptrend, DAX index can be expected to rise to the next resistance level 24000.00.
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.