DAX is neutral on its 1D technical outlook (RSI = 53.908, MACD = 41.600, ADX = 23.126) as the price has been basically ranging since November 6th. The dominant pattern is still a Channel Up and it has held the 1D MA50 as support on multiple attempts since October 31st, which is a clear technical signal of an upcoming rebound. The last two HH tops were priced on the 1.786 Fibonacci extension and that is our target for this month (TP = 20,150)
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I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
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.