DAX has a good run up recently and has formed an uptrend on the daily charts. While the chart is self explanatory, I would like to share some thoughts
If you are long the DAX, stay invested. When it comes to fresh entry, I may want to look at a retracement and see higher low formation, and then buy!
Trust this helps
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Cheers
Note
Look if RSI falls and finds support in the center green zone and pushes upwards, and price making a higher low. Bullish then , continue long or then take fresh buys
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If you love what you see, pls share a thumbs up and a comment in the section below
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.