DAX holding the 1day MA50, ready for a rally.
DAX is holding the 1day MA50 Support for the 5th candle in a row. This keeps the Channel Up intact, with the price near its bottom.
The 1day RSI is on a consolidation under the MA trendline same with late March.
That was the same price consolidation after a Channel Up bottom. The price rallied by +6.34% from that level.
Buy and target 16600. If the 1day candle though closes under the 1day MA100, sell and target 15200.
Previous chart:
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The 1day RSI is on a consolidation under the MA trendline same with late March.
That was the same price consolidation after a Channel Up bottom. The price rallied by +6.34% from that level.
Buy and target 16600. If the 1day candle though closes under the 1day MA100, sell and target 15200.
Previous chart:
Follow us, like the idea and leave a comment below!!
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