On the way to the All-time highs zone / DAX
Main items we can see on the chart:
a) The price has been on a bullish trend since MARCH 2020
b) Currently, we can see the price outside the ascending channel
c) However, we do not consider it as a reversal signal yet
d) We expect the price to reach the next resistance zone (all-time highs) There we will pay attention for possible reversal or continuation patterns
e) Currently, we can see a small correction. (We expect a bullish resolution IF the price breaks above it)
a) The price has been on a bullish trend since MARCH 2020
b) Currently, we can see the price outside the ascending channel
c) However, we do not consider it as a reversal signal yet
d) We expect the price to reach the next resistance zone (all-time highs) There we will pay attention for possible reversal or continuation patterns
e) Currently, we can see a small correction. (We expect a bullish resolution IF the price breaks above it)
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