InvestingScope
Long

1D/ 1W Support test. Awaiting bullish reversal confirmation.

XETR:DAX   DAX Index
A very aggressive 4H Channel Down (oversold RSI = 24.435, Highs/Lows = -199.7643, MACD = -93.500) invalidated the previous attempt to break the 1D Falling Wedge (black dotted lines). DAX should now attempt a test either on the 1D ( RSI = 33.688, B/BP = -380.9120) or the 1W ( RSI = 40.497) support. The 1D Falling Wedge will be on a Lower Low there and the 1W remains on its massive Head and Shoulders lows, in anticipation of the the new long term bullish leg on the Monthly Chart that will in time make the new All Time Highs on the index. Our target remains intact (TP = 12,420).
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