wanderlust_87_

DROP BEFORE A NEW LONG TERM UPTREND

Short
XETR:DAX   DAX Index
Hi traders, follow and like if the analysis is useful for you.
Health news are starting to be positive and stock markerts are close to a full recovery even if balanced by a strong reduction in consumption.
Also the DAX index seems ready to return to pre-covid levels, although a further push which could arrive by the end of the year is still needed.
For the moment the MACD indicator offers us the possibility to enter short at least until the 23.6 FIB level.
A further decline would open less positive scenarios otherwise a rebound is likely to bring the index prices towards the psychological threshold of 13500.

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.