InvestingScope
Short

DAX: Attention needed. Bearish fractal to 12,800.

XETR:DAX   DAX Index
The index has made a marginal All Time High today but the 1D RSI remains on a bearish divergence ( RSI = 59.286, MACD = 52.400, ADX = 20.325) within the 1W Channel Up. This pattern resembles the May- July 2019 top sequence which ended with a strong decline towards the 1D MA200 (orange line).

If the 1D MA50 (blue line) is crossed again, we are expecting this time contact with the MA200. Our Target Zone is 12,700 - 12,870.





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Comments

dax is on 13700 whats the plan for short
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