German DAX: Trying to Consolidate

The DAX index continues to maintain its positive side, trying to stabilize for the second session in a row above the support level of 13,810/13,800.

Technically we tend to be positive on short intervals, but with caution. The RSI is stable above the 50 midline, which supports the bullish bias.

Therefore, we target 14,000 first target, and its breach strengthens the index’s gains to visit 14,075. Confirmation of breaking 13,810 and stabilizing the price below it will immediately stop the suggested bullish scenario, and we may witness strong negative movements targeting 13,710.

Note: The level of risk may be high.

S1: 13810	R1: 14000
S2: 13710	R2: 14075
S3: 13640	R3: 14175