DAX making a bullish flag on daily time frame, waiting for breakout confirmation.
DAX was up on Tuesday after testing the low level of 19496 in the last trading session as In the sector-specific news, German auto stocks like Daimler and Volkswagen gained traction recently, while tech stocks such as Infineon saw declines amid rising bond yields. The DAX remains above its 50-day and 200-day moving averages, suggesting a bullish trend. Investors are also watching upcoming private sector PMI data and central bank commentary, which could drive further volatility in the market depending on how growth expectations evolve.
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