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TheCryptagon

DAX 4hour Golden Cross targeting 16550

Long
Germany 40 (CAPITALCOM:DE40)  
TheCryptagon  
CAPITALCOM:DE40   Germany 40
Trend Analysis Chart Patterns Technical Indicators DAX Index DE40 stockindex stockindices fdax
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trendanalysis chartpattern indicator dax de40 stockindex stockindices fdax
DAX formed today a Golde Cross on the 4hour time frame for the first time since June 7th.

The last 3 4hour Golden Crosses inside the large Channel Up pattern have been buy signals that targeted a little under Fibonacci 1.236.

The 4hour RSI is also having a consolidation similar to those previous fractals.

Buy now and target 16550.

Previous chart:

DAX Megaphone inside a Channel Up. Bullish long term.

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