(04 August 2020)DAX Further advance.

Pivot
 (invalidation): 12500.00
Our preference
Long positions above 12500.00 with targets at 12770.00 & 12825.00 in extension.
Alternative scenario
Below 12500.00 look for further downside with 12370.00 & 12260.00 as targets.
Comment
The break above 12500.00 is a positive signal that has opened a path to 12770.00.

(By Swissquote TRADING CENTRAL)