DAX giving two excellent trades
DAX is inside a long term Channel Up pattern.
The price volatility in 2023 can be seen as a mini Rising Wedge on a Rising Support.
A similar Wedge was at the start of the Channel Up. When it broke, the MA50 1D got hit.
Trading Plan:
1. Buy on the Rising Support and Fibonacci 0.5
2. Buy on the MA50 1D if the Rising Support breaks.
Targets:
1. 15600 (under Resistance).
2. 16200 (top of Channel Up).
Tips:
1. The RSI 1D is imitating November/ December. Right now it is on the December Support. Use it accordingly.
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The price volatility in 2023 can be seen as a mini Rising Wedge on a Rising Support.
A similar Wedge was at the start of the Channel Up. When it broke, the MA50 1D got hit.
Trading Plan:
1. Buy on the Rising Support and Fibonacci 0.5
2. Buy on the MA50 1D if the Rising Support breaks.
Targets:
1. 15600 (under Resistance).
2. 16200 (top of Channel Up).
Tips:
1. The RSI 1D is imitating November/ December. Right now it is on the December Support. Use it accordingly.
Please like, follow and comment!!
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