DAX | Bull Case Scenario confirmed
In previous post I wrote about the channel movement of DAX and the various positive signs that appeared in the chart.
Today, price once again broke out the area of EMA20 but in this time DAX tested succesfully the MA200 confirming in that way the bullish trend.
An increase in Volume during the uptrend is a key factor and we should take into consideration the rise of RSI above its MA12 and in 70 area points.
Next crucial point to see if this bullish movement is meant to be continued, is the Resistance of 13 March in 10000 area.
Today, price once again broke out the area of EMA20 but in this time DAX tested succesfully the MA200 confirming in that way the bullish trend.
An increase in Volume during the uptrend is a key factor and we should take into consideration the rise of RSI above its MA12 and in 70 area points.
Next crucial point to see if this bullish movement is meant to be continued, is the Resistance of 13 March in 10000 area.
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