InvestingScope

Lower High Rejection on 1D. Short.

Short
XETR:DAX   DAX Index
DAX is still on a medium term Channel Down on 1D (MACD = -7.800) and as you see posted the new Lower High on the 0.618 Fibonacci retracement level. This is a strong rejection indicator and 1H is already reversing (Highs/Lows = -24.7500, B/BP = -53.6760). Our short targets are 12,509.40 (SL at profit) and 12,355.82 in extension.

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