DAX Wave Analysis – 11 June, 2021
June 11, 2021 @ 18:05 +03:00
• DAX reversed from key support level 15500.00
• Likely to rise to resistance level 15750.00
DAX index recently reversed up from the key support level 15500.00 (former strong resistance from April – which has been reversing the price from the end of May).
The upward reversal from the support level 15500.00 stopped the previous short-term corrective wave (ii) from the start of June.
Given the strong daily uptrend – DAX index can then be expected to rise further toward the next resistance level 15750.00.