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.
This idea is for educational purposes only, this does not constitute as trading or investment advice. TRADEPRO Academy is not liable for any market activity.