Dax Finds Support Floor

The German DAX index returned to trading positively again, after finding a strong support level near our third target mentioned in the previous analysis 14,410, to start the bullish rebound again. Technically, the index is based above 14,600, supported by the stochastic indicator.

This increases the probability of continuing the rise to visit the first target 14,780 and then 14,870. Activating the bullish scenario depends on trading remaining above 14,610, and breaking it increases the possibility of retesting 14,520.

Note: The risk level may be high.

S1: 14520	R1: 14780
S2: 14340	R2: 14870
S3: 14250	R3: 15050