DAX Has Room For More Upside
Jul 17, 2023


DAX is in an impulsive uptrend since October 2022 and it can be trading in higher degree 5th wave, but there can be still room for more upside if the current drop from ATH will stay in three waves. For now we have seen some nice bounce, back above 15700 bull/bear level so it appears that bulls can be back, especially now when price also broke through the channel resistance line that can turn into a nice support this week.

DAX 4H Chart

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