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Dax: At Crucial Pre-Covid Resistance

Long
DAX Index (XETR:DAX)  
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XETR:DAX   DAX Index
Trend Analysis Chart Patterns Technical Indicators DAX Index dax30 dax30long
10
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trendanalysis chartpattern indicator dax dax30 dax30long
The German Dax is at crucial Pre-Covid levels: A break to the upside could lead to huge follow-through.

Nicely visible on the Weekly, we have now had 2 major V-shaped recoveries:

snapshot

This leads to a nice Bull Flag on the Daily right now, with a tight equilibrium range:

snapshot

RSI is cooled off for break to the upside.

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