DAX Will Move Higher! Buy!

26 Nis 2023

Here is our detailed technical review for DAX.

Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is approaching a key horizontal level 15793.87.

Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 16171.62 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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