We currently see the Dax in an uptrend as it broke out of the inverse had and shoulders pattern and continued it's upward momentum supported by a spike in volume. However we see the index as overbought with the RSI at 73.6 so we still have a short position and would expect the Dax to start falling in the coming weeks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.