DAX is on a very strong bull run since its December bottom, maintaining the trend on a 1D Channel Up that was recently broken to the upside (RSI = 71.535, MACD = 158.900, Highs/Lows = 203.0988). The index now enters into the overbought zone and the Inverse Head and Shoulders pattern on 1W suggests that it will approach the 12,460 neckline before any meaningful selling (profit taking) occurs (11,870 the Support).
As we see on the chart in the past two years DAX has a tendency of respecting its long term patterns: the 10,200 1M Support contained successfully the 2018 bear market while before that the Head and Shoulders pattern (that led to the ATH) was respected. If you are a long term investor, this chart suits your needs.
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As we see on the chart in the past two years DAX has a tendency of respecting its long term patterns: the 10,200 1M Support contained successfully the 2018 bear market while before that the Head and Shoulders pattern (that led to the ATH) was respected. If you are a long term investor, this chart suits your needs.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.