DAX (DE40) has been trading within a 5-month Channel Up since early April and yesterday it almost hit its bottom (Higher Lows trend-line). With the 1D MA100 (green trend-line) exactly on that bottom trend-line, it is highly likely to see a new Bullish Leg emerging, targeting at least 27200, a +7.60% rise similar to all 4 previous Legs.
If on the other hand the 1D MA100 breaks, the pattern could shift to a Top Arc formation similar to January - February that led to a 1W MA100 (red trend-line) crash. In that case, the Target should be 23600.
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If on the other hand the 1D MA100 breaks, the pattern could shift to a Top Arc formation similar to January - February that led to a 1W MA100 (red trend-line) crash. In that case, the Target should be 23600.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices, Commodities on PrimeXBT— all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
💰Message me @ t.me/tradingshot for Account Management|+20% monthly profit| Min. capital $30k|Low Risk
💰Message me @ t.me/tradingshot for Account Management|+20% monthly profit| Min. capital $30k|Low Risk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.