DAX formed a Massive Falling wedge in 2022. Remember a Falling Wedge is >1 month... A Pennant is < 1 Month The 7 >21 >200MA and the RSI is well above 50 showing upside to come. The target remains at 16,375 HOLD - BULLISH\
The January Effect where investors and institutions are still buying stocks and assets to start the year. They have offset their taxes and are now piling into the markets that they believe will run up. Hence the global rally. Also, Inflation seems to have hit its peak for now (with America CPI dropping to 6.5% this week). These are all good factors for a strong economy.
Retest 14000
Then a rise to 15,500 then a fall of 9-11000