DAX 05/07/2021
Although DAX came back to the ruling long trend, I'll wait for a correction to get a safe entry. I expect the price to bounce off the doubled blue zone and the short trend-channel's top to continue the way up from there. The higher blue zone and the steep long trend-channel's lower trendline can also e found as long signals, but since the trend is very steep here I rather expect it to flatten down and leave the steep channel for a deeper correction.
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.