The DAX has been in uptrend as the equities have moving generally higher. However, it is getting closer to important resistance.
W H5 and D H5 are resistance pivot points which also make a strong confluence with 88.6 % fib. 13050-60 zone could reject the price lower. Targets are 12958, 12889 and 12797. If D L5 breaks then next level will be 12725. However if we see the close above 13065, the price will remain bullish and upward bounce might target 13129.
