Get started
Peet_Serfontein

DAX: bullish confluence applicable!

Long
DAX Index (XETR:DAX)  
Peet_Serfontein  
XETR:DAX   DAX Index
Trend Analysis Chart Patterns Technical Indicators
9
0
trendanalysis chartpattern indicator
A price action close to the lower range of the linear regression channel pattern supports a mean reversion trade.
Upside price momentum supports the bullish trend.
RSI leaves enough room for further upside price potential.
ADX suggests a strong trend gaining strength.
MACD bullish crossover also supports a bullish trend

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.