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DAX Index
Long
Updated

DAX BUY OPPORTUNITY

172
Price broke above trendline from the upside. RSI oversold with divergence. Price above 20EMA. 2 trades 1.5:1 2:1 RRR. 1st target 127.2%fib 200EMA resistance. 2nd target trend continuation. In my opinion the cycle isn't over we have some time before we get a recession. Bullish. Good Luck
Note
1st SL reached.
TG_Advisory
DAX Indexdax30de30GERMANY 30FibonacciTrend AnalysisTrend Lines

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DAX Indexdax30de30GERMANY 30FibonacciTrend AnalysisTrend Lines
TG_Advisory

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.