Dax30- A pretty nice outlook for bulls
Unlike American indices, Dax30 looks like it has finished correcting at the beginning of March with a low at 12500.
After this low, the index has traded pretty constructively and at this moment a higher low can be in place at the 13500 zone.
The falling trend line started at the beginning of 2022 is also broken to the upside and we can assist in further gains this summer.
Traders can look to buy dips around the 14k zone with a negation under 13500 and a break of 15k horizontal resistance can lead to a test of the ATH above 16k.
After this low, the index has traded pretty constructively and at this moment a higher low can be in place at the 13500 zone.
The falling trend line started at the beginning of 2022 is also broken to the upside and we can assist in further gains this summer.
Traders can look to buy dips around the 14k zone with a negation under 13500 and a break of 15k horizontal resistance can lead to a test of the ATH above 16k.
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