Dax breaks free from bear trend
- Escapes both long- and medium-term bear trend
- A Friday close above falling trendline would allow more gains
- We may see some weakness before push towards 10,825
There is some resistance at around the 0.764 retracement of the Q1 2016 selloff and as mentioned above just below the 11,000 level. Around that level Dax is also likely to test the upper rising trendline in the longer term apparent bullish chaneel (blue lines).