XETR:DAX   DAX Index
Dax is in decisive moment right now as it is testing the upper band of the rising channel and 61.8% Fibonacci retracement level at the same time. If the price crosses the current level to the up, we will watch previous top at 13 120 as a next target. In long-term, the upper band of the bigger formation in the vicinity of 13 600 will be the aim. If the price bounces against the upper band of the smaller formation, we should consider first the lower band of small formation at 12 520 and then the lower band of the bigger one at 12 270.

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