We can see the DAX has rocketed up in the past 2 weeks with very little momentum loss until the 24/01/2025.
It made all time highs without finding a new resistant level as of yet, meaning we're most likely looking at a routine bounce from the 21500 mark and more than likely, a steep downfall until we get back to 21000.
Looking in depth at all time frames, it...
Awaiting a nice long buy position it looks like! I find it will be highly unlikely for the price to drop again and i'm thinking we're heading back to previous highs as covid-19 lockdown measures will ease.
Waiting for a re-test of the previous support level. Once broken expect price to fall to major support level visible on 240 chart. If price bounces back to previous level, their will be a potential short buy. All in all, looking for a long sell.
