DAX (GER40) - Correction after ATH?
After reaching a new all-time high yesterday, the DAX is now in a correction phase. The Dax is currently trading at 19480 points and has already made several attempts to fall further. For me, there are two possible scenarios today:
1. the Dax can find support here and continue its secondary trend. In this case, we should see another ATH relatively quickly.
2. more likely for me: the DAX initially moves between 19400 and 19550 points and then continues its correction towards 19200 points. The trend line of the primary trend is also waiting here and offers good opportunities for a long entry.
1. the Dax can find support here and continue its secondary trend. In this case, we should see another ATH relatively quickly.
2. more likely for me: the DAX initially moves between 19400 and 19550 points and then continues its correction towards 19200 points. The trend line of the primary trend is also waiting here and offers good opportunities for a long entry.
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