Pattern: Channel Up on 1W.
Signal: Bearish as the price is below the MA50 and MA200 on the 4H chart, with a potential to form a Death Cross. Last time that happened DAX made a Higher Low on the Channel Up.
Target: 12500 (top of the Higher Low support zone).
* Latest successful Sell Signal on DAX:
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.
