12 Aug 2021 ‚óŹ 04:51 AM

Dax in yesterday's trading session made a new all-time high and it looks like wave V is currently playing out. In simple technicals, the Dax index is breaking out from the consolidation and that can possibly lead to an up move towards the upper end of the rising channel which is currently pegged at 16575. On the way down, the 20DMA and the 40DEMA are nearly around the same level of 15584 and that should provide support in the near term.

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