DAX Buy SignalPattern: Channel Up on 1W.
Signal: Bullish as the price rebounded on the Channel's Higher Low.
Target: 12600.
Daxsignals
DAX Double Sell SignalPattern: Channel Down on 4H.
Signal: Bearish after a Lower High rejection today.
Target: 11,855.70 (4H Support).
*Note: If 11,800 breaks, the 1D Channel Up can technically reach its Higher low at 11,620.
DAX Sell Signal (4H H&S)Pattern: Bearish Head and Shoulders on 4H.
Signal: Bearish after the neckline's Resistance rejected the price.
Target: 11260 (symmetrical legs).
This is my long term outlook:
DAX Big Sell SignalPattern: Channel Down on 1W.
Signal: Bearish since the price is near the pattern's Lower High.
Target: TP1 11215, TP2 11050.
*Note: The same pattern took place in 2015/ 2016. After the 5th wave on the Lower High the index pulled back to its 0.5 Fibonacci and then broke the Channel upwards.
DAX Sell SignalPattern: 1D Channel Up.
Signal: Bearish as the price has been rejected on the 1W Resistance.
Target: 11380 (the Channel's Higher Low).
