DAX Buy Signal long-term
Pattern: Channel Up on the 1D time-frame
Signal: Buy as the price hit and held the Higher Lows (bottom) trend-line of the Channel, while hitting the 1W MA50 (red trend-line) for the first time since November 2020. Also the CCI bounced off its multi-month Support Zone.
Target: 16500 (just below the 1.236 Fibonacci extension).
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Signal: Buy as the price hit and held the Higher Lows (bottom) trend-line of the Channel, while hitting the 1W MA50 (red trend-line) for the first time since November 2020. Also the CCI bounced off its multi-month Support Zone.
Target: 16500 (just below the 1.236 Fibonacci extension).
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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