Watching the DAX on a lower timeframe channel, which seems to be in consolidation as the downward momentum has slowed down. Looking for signs of accumulation in previous area of demand. Looking for price turn bullish and get a break & close above 16765 on 1H timeframe to hold long position to 17000. Price might shoot past it should it return to that level. Overall market sentiment is risk-on, which is positive for stocks and all round risk assets.
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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.