DAX: Holding the 4H MA50 but has one more Resistance to break.
DAX is on its 4H MA50 with the 4H MA200 on a parallel move to the bottom of the Channel Up. Both the 1D and 4H (RSI = 52.763, MACD = 7.300, ADX = 19.891) are neutral so we will only take short term, confirmed trades after breakouts.
A crossing over R1 (even better if the 4H RSI also crosses over its LH trendline) is a buy breakout signal (TP = 16,100) and further of the HH trendline, a buy signal targeting the All Time High (TP = 16,300).
We will go short on the other hand, if the index closes under S1 and target S2 (TP = 15,500).
Prior idea:
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A crossing over R1 (even better if the 4H RSI also crosses over its LH trendline) is a buy breakout signal (TP = 16,100) and further of the HH trendline, a buy signal targeting the All Time High (TP = 16,300).
We will go short on the other hand, if the index closes under S1 and target S2 (TP = 15,500).
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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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
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