The movement of DAX 40 towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
DAX 40 is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
