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DAX Forecast update March 10 2021

Dax forecast update March 2021

DAX Forecast update March 10 2021. Back in December we forecast a short entry zone for the DAX30. At this point the DAX was circa 13,700.

Dax forecast made in December 2020

Our forecast (above) ahows we had a target of over 15,000 around mid February.

This is what happened versus our forecast.

Dax forecast update March 2021

The DAX value was essentially unchanged between the end of December 2020 and mid February 2021 – it actually fell back after a strong rise to over 14,200 in early February. Following this it has put a strong rally in over the last few days which has resulted in it breaching a very important trend line.

For us this means our upper targets will be reached – and likely exceeded – but futher down the road.

Over the coming weeks we expect some retracement which will offer a high probability/ low risk opportunity for going long. When we have a better idea of where it may go we will post here.

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As always our posts are not investment advice. If you wish to trade or invest based on our analysis you should do so with great caution and consult your financial adviser. Remember never to invest or trade more than you can afford to lose.