TheCryptagon

DAX is rebounding on the 1day MA100. Bullish.

Long
CAPITALCOM:DE40   Germany 40
DAX is on the 2nd straight green day after the rebound on the 1day MA100. That was also a Higher Low at the bottom of the mid-March Channel Up.

Buy and target Resistance A (16440).

Sell if a 1day candle closes under the 1day MA100 and target the bottom of the December 2022 Channel Up at 15310, where you can take an even lower risk buy.


Previous chart:


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