InvestingScope

DAX: Channel Up with the 4H MA50 supporting.

Long
EUREX:FDAX1!   DAX FUTURES
DAX has been trading within a wide Rising Wedge but since the July 31st low, the index has entered into a smaller Channel Up on the 4H chart ( RSI = 53.592, MACD = 30.100, ADX = 25.048). As long as the 4H MA50 supports, the pattern resembles the July Channel Up that topped on the 13,300 High.

We are expecting a typucal +4.70% leg towards 13,300 - 13,400 which is our Target Zone.



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

Comments and likes are greatly appreciated.

** Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. **

InvestingScope is trading on 🔥 MEXC 🔥

🔝 Top exchange
📈 Highest number of listed crypto
🔑 Industry-leading security
💸 Excellent liquidity

Deposit & Trade to Earn $9,100!
Up to 30% off fees only with our unique link!

👉 https://bit.ly/3A2dGT4
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.