The DAX has a very strong range, which I have indicated before. Several factors influenced this thinking.
- Good macroeconomic data for Europe, and mainly for Germany
- Vaccines that started the whole optimistic pumping confusion
- And mainly the chart pattern that has started to form. Reaching its upper border, rebound in accordance with Technical Analysis Practices and a breakout that is the beginning of what we see
The range is shown in the image, time is undefined. Along the way, possible correction in the size of the last Over Balance