Technical analysis

Dax Wave Analysis 16 April, 2021

Dax Wave Analysis 16 April, 2021

• Dax broke resistance 15300.00

• Likely to rise to resistance level 16000.00

Dax index continues to rise strongly after the price broke above the pivotal resistance 15300.00 (which has been reversing this index in the last few trading sessions).

The breakout of the resistance 15300.00 accelerated the active impulse waves (iii) and 3 – both of which belong to the impulse wave (C) from October.

Dax is likely to rise further toward the next round resistance level 16000.00 (target price for the completion of the active impulse wave (C)).

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