APInvestment

DAX Index [GER30] Daily Perspective

FX:GER30   DAX Index
Strong bullish momentum since we rebounded of October's daily demand we have been rallying up towards 1094 res area targeting the descending trendline . Break of this would warrant long positions to highlight upside targets.

- Break of descending trendline with a retest would warrant positions to targets such as the green zone, 1240 weekly res and April highs
- Break of the inner ascending trendline will warrant short targets to come in play
- RSI Divergence

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