Technical analysis

Dax Wave Analysis 30 March, 2021

Dax Wave Analysis 30 March, 2021

• Dax broke round resistance level 15000.00

• Likely to reach resistance level 15500.00

Dax just broke above the key round resistance level 15000.00 – following the earlier breakout of the resistance level 14750.00 and the resistance trendline of the daily up channel from January.

The breakout of the resistance level 15000.00 – if the index closes today above this price level – is likely to   accelerate the active impulse waves 3 and (v).

Dax is likely to rise further toward the next resistance level 15500.00 (target price for the completion of the active impulse wave 3).

Article Rating