Pattern: Channel Up on 1D. Signal: Bearish either if the price breaks 13373.50 or hits 13550 again. Target: 13100.
Pattern: 1D Channel Up. Signal: Bearish as the pattern made a Higher High and is pulling down towards the 1D MA50 for a new Higher Low. Target: 12,700 (just above the symmetrical July High Support).
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Pattern: Channel Up on 1H. Signal: Bullish as the price made a Higher low. Target: 12990 (Resistance) and 13100 (extension for risk seekers).
DAX has been trading within a long term 1M Channel Up (RSI = 58.539, MACD = 225.500, Highs/Lows = 732.5857) since the December 2018 bottom. From January until July the price traded on the upper band of the Channel and then it made a bottom on the lower band. That essentially started a new Channel Up within the lower band until now that we had a contact with the...
Pattern: Channel Up on 1H. Signal: Bullish as it made the low repeating the Oct 14 sequence. Target: 12750.
Pattern: Potential Channel Up on 1D emerging. Signal: Bullish after the pattern made successive Higher Lows. Target: Short term = 11840 (Just below the 1D Resistance), Medium term = 12000 (potential contact point with the 4H MA200).
Pattern: Channel Up on 1D. Signal: Bullish as the index touched the MA50. Target: 12,600 and 12,800 (if it touches the lower Higher Low support).
Pattern: Golden Cross on 1D. Signal: Bullish as the price action is following the 2016 pattern. Same bounce on the MA200. Target: Depends on your trading horizon. 13200 ATH with 14000 as an extension are fair targets.
Pattern: Inverse Head and Shoulders on 4H within a 1D Channel Down. Signal: Bullish if the Lower High trend line breaks (green bold line) and as long as the Support Zone indicated holds. Target: 12300 (the 1D Resistance).
Pattern: Channel Up on 1W. Signal: Bullish as the price rebounded on the Channel's Higher Low. Target: 12600.
Pattern: 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.
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:
Pattern: 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.
Pattern: 1D Channel Up. Signal: Bearish as the price has been rejected on the 1W Resistance. Target: 11380 (the Channel's Higher Low).