DAX - The butterfly will complete on a move to 23,386
Moving higher within the BC leg of a butterfly formation. Although this rally is assessed as being corrective, there is no clear indication of an immediate change of trend. A resistance zone is located between 25,239 and 25,374. We still have the gap open from Jan 16 at 25,320 (gaps tend to be closed). Intraday support is located at 24,843. The butterfly will complete on a move to 23,386