DAX holding the MA50 (1d) can push it to a new High. for CAPITALCOM:DE40 by TradingBrokersView

trendanalysis chartpattern indicator dax de40 daxfutures fdax

DAX has completed 7 days of consolidation on the MA50 (1d).
This kind of sideways trading on Supports is usually a technical accumulation before a price jump.
There have already been two similar price jumps that formed Higher Highs inside the 8-month Channel Up.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 16600 (Rising Resistance).

Tips:
1. The RSI (1d) is rebounding on its Falling Support, same as during the previous Higher Lows of the Channel Up (March 17th 2023 and December 16th 2022).

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Notes:
Past trading plan:

DAX hit the bottom of the long term Channel Up. Buy.

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