DAX Index: ⬆️ Buy
– DAX Index reversed from support level 25900.00
– Likely to rise to resistance level 26500.00
DAX Index recently reversed from the support zone between the key support level 25900.00 (former strong resistance from July, which has been reversing the price from August), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from July.
The upward reversal from the support level 25900.00 stopped the earlier short-term correction from the end of August. Given the clear daily uptrend, DAX Index can be expected to rise further to the next resistance level 26500.00
, lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from July.){kind=link}