DAX is starting a long-term rally to 16100

DAX is now testing the 1D MA50 (blue trend-line) having rebounded at the bottom of its long-term (since the October 03 Low) Channel Up and the 1D MA100 (green trend-line). With the 1D RSI coming out of its Accumulation Zone, as in the previous two Lows (late September and late December 2022), we expect this first long-term wave to hit at least 16100 and the middle (0.5 Fibonacci) of the Channel Up.

Tradingview link:

https://www.tradingview.com/chart/DE40/ogEYlQzc-DAX-is-starting-a-long-term-rally-to-16100