German Dax: Positivity Looking For Confirmation

The German DAX index found a solid support floor around the support level published during the previous analysis, located at 15,440, which we mentioned as being the key to protecting the bullish trend.

On the technical side, we are inclined to the positivity based on the positive signals coming from the RSI, which is accompanied by the positive impulse of the 50-day moving average.

Therefore, the bullish bias is the most preferred condition of confirming the breach of 15,680, targeting 15,750 first targets, and then 15,840 next official stations.

The return of the stability of trading again and the price stability below 15,570 postpones the chances of rising, and we may witness a retest of 15,510 and 15,450. Note: The risk level is high and all scenarios are available.

S1: 15510	R1: 15750
S2:  15360	R2: 15840
S3: 15280	R3: 15980