DAX on the Path to All-Time HighThe DAX has recently exhibited resilience after a multi-week period of weakness.
Noticeably evident is the impulsive upward pattern, which typically concludes correction phases. Anticipating a further correction in the recent uptrend, we are initially awaiting a decline to 16,520 points before entering a long position.
Our target is the All-Time-High, resulting in an attractive Risk-Reward Ratio of 3.8:1.