For days DAX is in an upward movement and in a fairly wide Long channel.
As you can see, the distance to the lower channel band is quite large.
It currently runs at about 11860 and that is a good 120 points below today's closing price.
In addition, we are at a round number
Having arrived at 12000, that has always shown the past of similar marks leading to a breather of the market straight up.
Today we have developed a new resistance at about 12028
what leads me to the assessment together:
Long continues, yes, but only once is a break in the Long Trend
The Dax can fall but without problems until just 11860 without that should lead to a short position.
I would not start new positions because of the 12000 points mark.
If you want to make a channel trading, which would have been very successful in recent times, is a fall on the 11860 or the equivalent value of the lower Long Channel the next few days to wait.
And if you have checked my last post of DAX here at teh bottom of
11330 found, you are more than 600 points up and maybe a rich man..
Good Trades to all