DAX: Rally started and targets 16,500

14 Mar 2023

DAX is rising again on the 1D MA50 after hitting the bottom of the four month Channel Up. The 1D technicals are on the best buy levels possible (RSI = 46.297, MACD = 24.600, ADX = 26.606) and the 1D RSI is also rebounding on the bottom of its Channel Down.

According to the extent of the previous two DAX rallies, we are expecting a +11.50% bullish wave to be completed, it is not late to go long even on the current levels (TP = 1

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