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Mihai_Iacob
May 30, 2022 7:12 AM

Dax30- A pretty nice outlook for bulls Long

Description

Unlike American indices, Dax30 looks like it has finished correcting at the beginning of March with a low at 12500.
After this low, the index has traded pretty constructively and at this moment a higher low can be in place at the 13500 zone.
The falling trend line started at the beginning of 2022 is also broken to the upside and we can assist in further gains this summer.
Traders can look to buy dips around the 14k zone with a negation under 13500 and a break of 15k horizontal resistance can lead to a test of the ATH above 16k.


Comments
AtlasTrades
good chart mate ;)
Mihai_Iacob
@AtlasTrades, thanks
AkhiPrajapati
Thanks for sharing Pretty good idea
Mihai_Iacob
@AkhiPrajapati, thanks for comm
RLinda
Nice analysis. Thanks for sharing)
Mihai_Iacob
@RLinda, thanks for comm
AlkalineFX
I like the idea, let's see what happens next
KlejdiCuni
Thanks for sharing Dax30 analysis.
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