DAX made a major bullish break-out.

DAX is now trading above the 1D MA50 (blue trend-line) for the third straight session with the 1W RSI at its highest level since late January. The 0.618 Fibonacci retracement level (14800) is just below the 14950 Resistance formed by the March 29 High.

That is a short-term target, buying after that can be justified only by a 1D candle close above the 1D MA200 (orange trend-line), in which case we will look for a complete gap closing at 16275.


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