Third day of rebound after the Dax index has confirmed a third impact on the lower limit of a bullish channel . The recovery is impulsive, the bullish momentum intact in the medium term and should lead the German index to new heights.
In the ACC, the low point in 3985 I became complicated to find because not definable by level Chartist (no channel daily as Dax and not horizontal support). It was, cons close to 50% retracement located in 3980.
Here is the configuration ID of ACC, clearly bullish:
CONCLUSION: The dynamics clearly remains bullish on the indices. In the ACC, a split on the bottom of the channel ID 4115 could be a long entry point.
ACC Position: neutral, looking for an entry point long.
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