DAX Bullish continuation towards 16000.


My last DAX analysis was on a bus signal after the price broke above the 4H MA50:

DAX Broke above the 4H MA50. Buy Signal.

The short-term target of the 4H MA200 eventually got reached and now I shift my focus for the medium-term back to the 1D time-frame.

As you see the price has been trading around the 1D MA50 (blue trend-line) for a week. The very same consolidation pattern around the 1D MA50 was last seen from July 23rd to August 3rd. It led to the formation of the 16030 All Time High/ Resistance. I am expecting a similar rise/ target.

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