DAX: Eye of the Tiger 🥊🥊
Dam damdamdam damdamdam damdamdaaam
Dam damdamdam damdamdam damdamdaaam
“Rising up, back on the street,
Did my time, took my chances,
Went the distance, now I’m back on my feet,
Just a man and his will to survive”
The Survivor-song seems to be playing in the background, while DAX is battling its way back to the resistance at 15711 points. Like Silvester Stallone in “Rocky III”, the index is striving for a comeback above 15711 points and higher still. We expect its ambitions to be successful. The index should ascend until 16295 points to finish wave i in orange. Then, after a short countermovement back to about 15711 points, a long-term rise above 16295 points should follow.
If the workout is too tough, though, there is a 35% chance that DAX could make a detour. If it falls below 14795 points, the index could initially descend into the magenta zone between 14392 and 13805 points before starting its comeback in earnest. It should then zoom above 14795 points again, from where its power should suffice to aim for higher goals.
Dam damdamdam damdamdam damdamdaaam
“Rising up, back on the street,
Did my time, took my chances,
Went the distance, now I’m back on my feet,
Just a man and his will to survive”
The Survivor-song seems to be playing in the background, while DAX is battling its way back to the resistance at 15711 points. Like Silvester Stallone in “Rocky III”, the index is striving for a comeback above 15711 points and higher still. We expect its ambitions to be successful. The index should ascend until 16295 points to finish wave i in orange. Then, after a short countermovement back to about 15711 points, a long-term rise above 16295 points should follow.
If the workout is too tough, though, there is a 35% chance that DAX could make a detour. If it falls below 14795 points, the index could initially descend into the magenta zone between 14392 and 13805 points before starting its comeback in earnest. It should then zoom above 14795 points again, from where its power should suffice to aim for higher goals.
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