DAX Channel Up targeting a 24800 Higher High.

DAX (DE40) has been trading within a 1-month Channel Up and appears to be repeating the first Bullish Leg of the pattern.

More specifically, it rose by +5%, similar to April 30 - May 05 and yesterday's correction resembles May 06. With also identical 1H RSI formations (Lower Highs), we expect the uptrend to be extended in a similar structure and again target the 1.382 Fibonacci extension at 24800.

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