Market Snapshots

Dax Wave Analysis 10 March, 2021

Dax Wave Analysis 10 March, 2021

• Dax broke key resistance level 14200.00

• Likely to rise to resistance level 15000.00

Dax continues to rise strongly after the index broke the key resistance level 14200.00 (which stopped the two previous waves in February – 1 and (b)).

The breakout of the resistance level 14200.00 accelerated the active upward impulse wave 3 – which belongs to the intermediate impulse wave (3) from the end of January.

Given the acceleration of the active impulse wave 3 – Dax is likely to rise further toward the next resistance level 15000.00 (target for the completion of the active impulse wave 3).

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