DAX is still in a relatively strong bearish trend. Market looks to be breaking out to form a bullish trend but before it can continue pushing to the upside it must retest its break out point. There’s a strong resistance ahead which can push price lower to retest before continuing with its up movement
Possible sell on GU if market fails to break resistance.
Price gave a huge impulsive move to the upside on the first leg followed by a corrective move forming a Ascending Triangle Pattern. From here a break of 14431.55 we should expect a second leg of the impulse move to the upside.