The DAX® started on Friday with the expected upward courtyard (22,607 at 22,765 points). Thanks to the following connection gains, the GAP remained open and lifted the German default values again via the final course of 23,000 points. The bottom line is the fourth white weekly candle in a row. Since the cyclical low of April 7 (18,490 points), the stock barometer has been able to recover by more than 4,500 points. As a consequence, even the historical high levels at 23,476 points move again within reach. Since the beginning of April, the course development could even interpret the price development as a “V-formation”. From the amount of this dynamic reverse pattern, there would even be a price target of 26,500 points in the long term. During the recreational movement since the beginning of April, the DAX® has torn a total of three upward gaps. The last-and at the beginning GAP-serves as the first support. Another holding zone is defined by the combination of the 50-day line (act. At 22,206 points) and the low points at a good 22,200 points.
DAX® (Daily)
Source: LSEG, Tradesignal² / 5-year-old in the appendix
5-year-chart DAX®
Source: LSEG, Tradesignal²
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