DAX going straight for its All Time High!
DAX held the MA50 (1D) and is rising aggressively.
Such aggressive rise was seen at the start of both bottom rallies within its Channel Up pattern.
As long it doesn't diverge much from its MA100 (1D) in the future, DAX is in for an extremely strong rally.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 16300 (the All Time High).
2. 16750 (Fibonacci 1.786), assuming a pull-back happens that doesn't break the MA100 (1D).
Tips:
1. The Higher Highs of the Channel have been Lower Lows during the Bear Cycle. High symmetry between the Cycles.
2. High Symmetry also from Low-to-Low inside the Channel Up. 78 days the first and 72 days the second.
3. RSI (1) on a Rising Support. You can use this to enter upon pull backs.
Such aggressive rise was seen at the start of both bottom rallies within its Channel Up pattern.
As long it doesn't diverge much from its MA100 (1D) in the future, DAX is in for an extremely strong rally.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 16300 (the All Time High).
2. 16750 (Fibonacci 1.786), assuming a pull-back happens that doesn't break the MA100 (1D).
Tips:
1. The Higher Highs of the Channel have been Lower Lows during the Bear Cycle. High symmetry between the Cycles.
2. High Symmetry also from Low-to-Low inside the Channel Up. 78 days the first and 72 days the second.
3. RSI (1) on a Rising Support. You can use this to enter upon pull backs.
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