Friday, the 14th March 2025 saw the German Dax index close at 22986, just under the 161.8% Fibonacci upside projection target of 23222, based on the 12114 to 16357 range traded between the 30th September 2022 and the 16th June 2023.
The 14 week relative strength index is well into overbought territory at 78%, while the weekly choppiness index value at 32 suggests bullish exhaustion developing. Also worth noting is the extremely high value of the weekly MACD-V indicator of 177. All of the above technical values are suggesting that the air is currently thin up here and corresponding protective action should be taken.
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