DAX Buy the pull-back and target the All Time High

30 нояб. 2023 г.

DAX eventually broke to the upside following our previous trade idea (see chart below) and hit both our 15635 and 15995 targets:

The index is now approaching Resistance 1 (16535), which is the All Time High (ATH) but the 1D CCI shows a Bearish Divergence and potential short-term pull-back. That would serve as an excellent accumulation opportunity for an end-of-the-year rally. We are waiting for a buy at 15800 (1D MA200) in order to target 16535.

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