German Stock Index (The swing back to the resistant)

View On German Index DAX (23 Aug 2023)

DAX is in
* Bullish in short term (Intraweek)
* Bearish in Mid term (1 to 3 months)
* Neutral Long term (3 months onward)

DAX is the wild big swing recently from 15,500 to 16,500 recently.
Basically it is a 1,000 swing and it has hit the support of 15,500 region for the second time in 2 months.

We are currently experiencing a small bounce and it shall continue toward 16,000 region.

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Trade closed manually:

DAX

15900~ region has reached

It is take to take profit and close the trade.

We shall re-evaluate again