The Dax was in a consolidation phase which turned out to be a bullish flag because price managed to break out and stabilise above this correction structure. As the indice is developing, price may correct a bit tageting the region between the 19600 and 19500. However, if price action fails to drop and manages to stabilise above the 19900's into 20k, the German benchmark will continue up.
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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.