The DAX has remained within a tight consolidation just beneath its ATH (all-time high) over the past three weeks. Whilst it has so far failed to break higher, neither has it sold off. The OBV (on balance volume) indictor has moved to a new cycle high which suggests underlying bullish power, and Friday's lower wick (and bullish hammer) shows demand around the March and February's highs.
- We're now looking for a bullish breakout from its current consolidation, whilst prices remain above 15,700.
- The next target for bulls is just below its record high.
- We're now looking for a bullish breakout from its current consolidation, whilst prices remain above 15,700.
- The next target for bulls is just below its record high.
Trade fermée: ordre d’arrêt atteint
European equities did not enjoy the day we had hoped yesterday, with concerns over a US debt default and the financial sector weighing on sentiment to rag indices, yields and oil lower.
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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.