DAX: Channel Up on 1D. Long.
The index has been trading within a strong recovery Channel Up on 1D (RSI = 59.688, MACD = 74.500, Highs/Lows = 85.2929, BB/P = 251.0418) since the December bottom. Although the technical target is the 11,550 Resistance and potential Higher High, since the upside is clearly slowing down on a Rising Wedge, it is best to but and settle for a lower TP at 11,400.
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