DAX (GER40) - Structure broken, positive trend towards ATH

10 oct

My scenario from yesterday was right. We have broken the structure, so I assume that we will continue to climb upwards. The price will probably go down a bit and build up liquidity before going up. The 19200 and 19100 marks are particularly important as support. From a purely technical perspective, the DAX could also fall back a lower towards 1900 without breaking the structure. Sometimes it also likes to break the structure with a spike, only to trigger the SL and then move fast upwards. So you should keep an eye on that. If it breaks 19200, it will go to 19100 relatively quickly and probably rise steeply from there. In my opinion, these levels are a good entry point for long positions with good RR.