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InvestingScope

DAX: Symmetrical Channel Up after monthly support held. Long.

Long
DAX Index (XETR:DAX)  
InvestingScope  
XETR:DAX   DAX Index
Trend Analysis Chart Patterns Technical Indicators DAX Index GER30 CFD dax30 xetra xetradax germany30 germanindex
13
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trendanalysis chartpattern indicator dax ger30 dax30 xetra xetradax germany30 germanindex
The 11,050 1M support was defended and the 4H Channel Down broke to the upside. A price above the 0.500 Fibonacci mark (11,750) is needed to restore the medium term 1D bullish bias to the index (CCI = 24.4993, Highs/Lows = 0.0000, B/BP = 36.1820 already). We remain long with TP = 12,000 & 12,100 in extension.
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