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InvestingScope

DAX: Sell opportunity within the Channel Up.

Short
DAX Index (XETR:DAX)  
InvestingScope  
XETR:DAX   DAX Index
Trend Analysis Chart Patterns Technical Indicators DAX Index xetradax xetra fdax GER30 CFD germanstocks germanindex stockindex investing
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trendanalysis chartpattern indicator dax xetradax xetra fdax ger30 germanstocks germanindex stockindex investing
DAX is trading within a 1D Channel Up since early November. At the moment the price is next to the Higher High trend line, which is technically an optimal sell entry assuming the pattern holds. With the RSI also at the top of its 2 month consolidation channel, we treat this as a strong medium term sell opportunity. Our Target Zone is 13,165 - 13,100.





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