Last 2 weeks DAX went wild with rally. Friday 04.01 move from lows at 10380ish all way up to 10800+ mark and topping up in following week to buyers target TP1 10960.
Now question is how market participants will deal with 2 tasks: take profit but support price enough to prevent sellers taking over and reset that rally. Second task: extend move beyond 10970 and 11070 resistances. Tough.
Last week update: https://www.tecet.net/?p=3802
Buyers will have to prevent losing control to sellers during profit take and provide price with support. Key support 10760 & 10680/10530
Target 11030/70 & 11250
Sellers cant wait to press “that button” near 10670 support to breach below and taking over aiming for bottom of that rally.
Target 10530 & 10470 on success full rally reset with dip to 2018 lows