DAX Sell this rejection, buy on the 1D MA50.
DAX (DE40) got rejected on its third Lower High within this 2 week Channel Down. We are taking this sell but first target is on the Higher Lows trend-line of the Triangle and only if that breaks, we will extend selling to complete a -2.18% decline on the new Lower Low of the Channel Down.
The RSI's Rectangle shows the best short-term buy entry. The most optimal long-term though will be on the 1D MA50 (red trend-line), regardless of that being on Support 1 or 2. That will be our buy entry, targeting Resistance 1 (15480) and Resistance 2 (15655) on the long-term.
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The RSI's Rectangle shows the best short-term buy entry. The most optimal long-term though will be on the 1D MA50 (red trend-line), regardless of that being on Support 1 or 2. That will be our buy entry, targeting Resistance 1 (15480) and Resistance 2 (15655) on the long-term.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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