DAX remains marginally bullish on its 1D technical outlook (RSI = 56.055, MACD = 147.200, ADX = 25.024) but has turned bearish on the 1H and 4H timeframes as the recent 4 week rally got rejected at the top of the wider Channel Down pattern. Technically that was its bullish wave and got completed. A cross under the 1D MA50 would serve as validation for the start of the bearish wave. The one prior targeted the 1.382 Fibonacci extension. Expect a similar target (TP = 21,000).
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Over 65% accuracy on Private Signals Channel.
Over 15% profit monthly on Account Management Plan.
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Over 65% accuracy on Private Signals Channel.
Over 15% profit monthly on Account Management Plan.
Subscribe to our wealth making YouTube Channel👉youtube.com/@InvestingFlix
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.