YaKa

DAX - Very Important observation.

FX:GER30   DAX Index

DAX is currently experiencing one of or the strongest rally when considering new prices discoveries.

Although the later needs to be factored when taking the following information, this is worth noting.

DAX always corrects when the distance from spot to 125d ema is greater than 10%.

Given the sharp rally breakout, DAX is currently at 10% above the 125d ema.

That reinforces: if DAX climbs to 11,000 - A period of correction will be extremely likely...

STAY TUNED
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