DAX Strong 4H break-out targeting 24300.

DAX (DE40) has been trading within a Channel Up since the November 20 bottom on the 1W MA50 (red trend-line) and today it made a massive step upwards as it broke above its 4H MA200 (orange trend-line) for the first time in 3 weeks.

With the 4H MA50 (blue trend-line) established as the Support on the previous Higher Low, we expect this Bullish Leg to hit at least the 2-month Lower Highs trend-line at 24300.

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