InvestingScope

DAX: Rally started and targets 16,500

Long
CAPITALCOM:DE40   Germany 40
DAX is rising again on the 1D MA50 after hitting the bottom of the four month Channel Up. The 1D technicals are on the best buy levels possible (RSI = 46.297, MACD = 24.600, ADX = 26.606) and the 1D RSI is also rebounding on the bottom of its Channel Down.

According to the extent of the previous two DAX rallies, we are expecting a +11.50% bullish wave to be completed, it is not late to go long even on the current levels (TP = 1

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##

Telegram: t.me/investingscope
www.investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
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.