Some Useful Hints for Trading DAX

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The price is gradually clamped between the upper bound of the green channel and the lower wall of the yellow channel.

Now the bulls are near the resistance level of 13616, which is on the upper green wall. If we see a break above this level soon, the market will open a path to the upper bound of the yellow channel and the resistance level of 14996. In this case, the market will await a large bullish trend.

However, if we see the price rebound from the level of 13616, then during the next trading week, a decline to 13075 is possible, since the support level is on the yellow bound. If the market breaks below this price level, the decline may continue in the future to 12103, i.e. to the lower green wall.


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