The DAX recovered from the 21860, 2026 low, rising above the near-term falling channel, to a high of 24,250, the rising trendline resistance, before easing lower.
Failure to retake the trendline and the 200 and 50 SMA keeps the longer-term bearish bias intact, despite the near term break out.
Buyers will need to retake these resistances from 24,000 to 24,500 to create a higher and extended gains towards 25,000.
Failure to retake these resistances could see the price fall lower towards 23,400 and 23,000. Below here, attention will turn back to 21,860.
FC
Failure to retake the trendline and the 200 and 50 SMA keeps the longer-term bearish bias intact, despite the near term break out.
Buyers will need to retake these resistances from 24,000 to 24,500 to create a higher and extended gains towards 25,000.
Failure to retake these resistances could see the price fall lower towards 23,400 and 23,000. Below here, attention will turn back to 21,860.
FC
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.