- 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
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.