themarketzone

New record high coming?

FX:GER30   DAX Index
Notice the DAX's chart
During the last two months, not only that it has recovered the majority of its losses, but its price also climbed back up above a weekly trend line.
Basically, this is a potential false break (monthly)
If this trend line will now HOLD as support again... there's a chance that we will see new record highs for the DAX before the end of 2019

What do you think?

Focus on that trend line


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