A Cup & handle formation breakout has been seen in the index in a 15min time frame. The breakout was seen at the end of the day with price closing at the high.

A cup handle pattern is rarely found in the Index, the pattern performance is one of the best in the short run.

The RSI is showing a breakout, the index is trading above the EMA which in itself is a good trading strategy. The DMI+ is trading above DMI- which indicates positive direction. The ADX is pointing upwards indicating Buy signal with price above EMA.

DAX

Jan 30 2022