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TradingShot
Dec 2, 2021 8:17 PM

DAX Buy Signal long-term Long

CURRENCYCOM:DE401D
Germany 40Currency.com

Description

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Pattern: Channel Up on the 1D time-frame

Signal: Buy as the price hit and held the Higher Lows (bottom) trend-line of the Channel, while hitting the 1W MA50 (red trend-line) for the first time since November 2020. Also the CCI bounced off its multi-month Support Zone.

Target: 16500 (just below the 1.236 Fibonacci extension).



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Trend AnalysisHarmonic PatternsChart PatternsDAX IndexsignalsDE40xetradaxdax40daxsignals
Comments
marclx
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Well done. This was a clear winner, I entered on 16th of Dec with a progress of 4.17 %. I closed the position last night.
otternose
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absolutely not a long. you miss the fundamentals of the market/situation in Germany/Europe....More red...very much more red...not instantly but soon.
FallingWedge
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@otternose fundamentals shmundamentals
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