Long

DAX about to make a significant bullish break-out

DAX is testing today the 1D MA50 (blue trend-line) for the first time since February 02, where it failed to make a close above (despite breaking it intraday) and got rejected. On the long-term we see that the 14,810 Support has held on 5 tests since May 2021, and up until the January 05 2022 Double Top, we've had Higher Highs. The long-term trend thus remains bullish.

If the index closes a 1D candle above the 1D MA50, we expect a rally towards (at first) the 16290 Resistance. Notice that when the 1D CCI was on the current levels previously, DAX printed a Higher High/ Higher Low pattern.

--------------------------------------------------------------------------------------------------------

Please like, subscribe and share your ideas and charts with the community!

--------------------------------------------------------------------------------------------------------

TradingShot

👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)

💰Free Channel t.me/tradingshotglobal
🤵Contact [email protected] t.me/tradingshot

🔥New service: next X100 crypto GEMS!

Also on:

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.

TradingShot

Also on: