Technical analysis

Dax Wave Analysis 15 December, 2020

Dax Wave Analysis 15 December, 2020

• Dax reversed from support level 13000.00

• Likely to rise to 13500.00

Dax previously reversed up from the round support level 13000.00 (which also reversed the price twice in November as can be seen below).

The upward reversal from the support level 13000.00 continues the prevailing uptrend that can be seen on the daily Dax charts

Dax is expected to rise further toward the next resistance level 13500.00 (top of the previous waves 2 and (2)) – the breakout of which will lead to further gains toward resistance level 13840.00 (February high).

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