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The German DAX index does not actually surprise too much. Regardless of whether we are long-term traders or scalping, we are able to trade with the prevailing trend. DAX responds well to Over Balance, so we can predict many positions for several hours or sometimes days ahead.
But now the DAX has visibly decelerated. We remain in an uptrend and assuming declines is a bit of asking for trouble, but we do not rule out a correction. If this happens, and we break the local trend line, we can expect another attempt to attack the support level, which will probably give a positive impulse for further increases to the levels indicated in the previous analyzes.
However, as long as they last, we hold the long position 😉
