Following an 80 pip gap up, today's session has closed as a very strong bullish candle. The DAX has been consolidating all year, with no direction. Today's candle is finally suggestive of bullish momentum building. I am now looking to take a swing long position, targeting the All-Time Highs at 12390s. Intraday I am firmly biased to the long side, and will look to buy any dips.
Supporting reasons for the trade:
DMI+ has a steep slope
ADX is above 20 and is turning upwards
RSI also has a steep slope as we enter overbought territory