fractal_trader
Long

Dax Follows US Indices to Upside

TVC:DEU30   DAX Index
131 0 2
dax
Longer-Term all Indices are trending up. The US Indices have done so for some weeks now, Europe and Japan seems to be following now. The Dax             has hit a Breakout four weeks ago and was trading on top of it for a month. Last week showed strength in price with rising momentum on the intraday timeframes, a continuation to the upside making new ATHs is possible.
Comment: The market requires to be patient. Dax still valid long longer-term. Just hold on to it and see how it plays out. Trading on such high timeframe involves accepting that the PA each week may not be of utmost importance. The markets need room, then the trend can unfold.
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