The Dax runs exactly in the long trend channel up I have drawn
I marked it red again so that he is better to see.
The dax today has 2 new resistance lines taken out of his way, which I have now marked as support in blue.
These are the two upper skewed straight lines at about 11775 (current state)
So he has continued to build support.
But even a downward setback in the direction of the lower red channel line would be completely uncritical and would not destroy the setup
Currently at 17:30 German time clear a long setup
--------------- --This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research--- ----------------
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.