DAX Buy Signal

13 May 2021Pattern: Channel Up on 1D.

Signal: Buy as the price entered the 1D MA50 (blue trend-line) - 4H MA300 (yellow trend-line) Buy Zone. This has initiated a rebound twice within the Channel Up. Also the RSI is on its 4 month Support Zone and the MACD close to it.

Target: 15500 (Resistance) and 16200 (Higher High) in extension.




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