DAX 40, working inside Flag pattern (9th May, 2022)

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DAX 40, working inside Flag pattern (9th May, 2022)

DAX 40, working inside Flag pattern (9th May, 2022)

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Attached is the chart of German Dax40, daily,

rebounded sharply from the mid march low near 12400, currently consolidating in a flag pattern , support is near 13250-13400, looking to break upwards for the targets of near 15700-15900,

Rsi also forming broadening to look for the break upwards.

US CPI is on focus this week & ECB rate hike rumors are getting increased so trade with proper risk & money management. So plan is to buy DAX 40 near 13250-13300 for the target near ATH 16000 & sl should be close below mid march low levels.