The DAX has been sitting in a tight range ever since the US election building up pressure in the process. It's been hinting on a move higher (broke, retested and continued upwards of the longer term bearish trendline; big swing failure on US election) for some time now and had the perfect chance when the US equities rallied to record highs. The fact that it didn't perform as well has made us very weary however the technical structure still looks like it will blast through upwards. Something to keep an eye out for.
Nota
DAX approaching long term resistanceNota
DAX breakout as discussed. A bullish close should see us holding higherNota
Next level of interest is the 61.8% Fib coming in at the 10980 areaNota
Dax hit the Fib as discussed above 
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Exención de responsabilidad
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.