DAX eventually broke to the upside following our previous trade idea (see chart below) and hit both our 15635 and 15995 targets:
The index is now approaching Resistance 1 (16535), which is the All Time High (ATH) but the 1D CCI shows a Bearish Divergence and potential short-term pull-back. That would serve as an excellent accumulation opportunity for an end-of-the-year rally. We are waiting for a buy at 15800 (1D MA200) in order to target 16535.
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