DAX Challenging the Downtrend - Wait and See

١ نوفمبر ٢٠٢٢

DAX managed to break its downtrend in daily chart. It will be crucial to see a weekly closing above the line.
Current picture is not suggesting a long entry though. We can see 200day MA closing by and RSI is also at criticals levels where it was challenged and failed before.
Better to sit on hands and see when can we talk about a proper trend.