DAX rising on the MA100 (1d). Low risk buy here.
DAX is trading inside a Channel Up pattern since November 3rd.
The price almost hit the MA100 (1d) today and instantly jumped.
The drop completed a -6.50% decline, consistent with the prior decline to the Higher Low of the Channel Up on December 20th.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 16200 (representing a +10.40% increase, consistent with the rises of January 17th and November 14th).
Tips:
1. The RSI (1d) is inside its own Channel pattern and it has registered a Double Bottom. An additional buy signal.
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The price almost hit the MA100 (1d) today and instantly jumped.
The drop completed a -6.50% decline, consistent with the prior decline to the Higher Low of the Channel Up on December 20th.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 16200 (representing a +10.40% increase, consistent with the rises of January 17th and November 14th).
Tips:
1. The RSI (1d) is inside its own Channel pattern and it has registered a Double Bottom. An additional buy signal.
Please like, follow and comment!!
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