xavier_fenaux
Long

DAX : bullish trend intact UT4H, long favored

FX:GER30   DAX index of German listed shares
132 0 2
After two rounds of profit taking before the FOMC, the DAX             holds the 11,800 pts area but mostly remains in its upward channel, the lower band played its role on numerous occasions.

The uptrend still intact argues for taking a long position, stop below recent lows at 11800 pts. If this threshold were to be broken, then the uptrend would be in question with the key consolidation over several sessions.

A long can be opened in the current area to over 11,930 pts, stop below 11,800 pts, with a view 12220 pts and 12,400 pts, the upper limit of this channel. The stop can be adjusted during input from 40 pts unrealized gain.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out