TRADEPROAcademy

DAX nears all-time highs, next target 14530!

Long
XETR:DAX   DAX Index
The DAX is finally catching up to the rest of the worlds equity markets. It's about 100 points away from the all-time high which is not a big distance for the German Index. The support structure at 13000 held extremely well and the buyers managed to bid the price up from there. The pop came fast and in a matter of days on strong volume . From here we could see a new all-time high fast. The Fib extension level suggests price is going to move into the 14530 area and that would bring the DAX level with other global indices.

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Comments

Great techincal set up
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