DAX is trading within a Rising Wedge on the 4H chart which started on March 23rd when the previous bottom was made. Despite the fact that today it broke the Higher Low trend line, the technical indicators are neutral (RSI = 45.750, MACD = 8.800, ADX = 19.431) as the Support Zone hasn't been broken yet (10,225 - 10,165) and the 4H MA50 is intact since March 24th. Both of those sustain the uptrend.
If however the Support breaks, we will take the opportunity to short towards the next Support level. Our Target Zone is 9,500 - 9,300.
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If however the Support breaks, we will take the opportunity to short towards the next Support level. Our Target Zone is 9,500 - 9,300.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
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Contact me for Account Management (+15% monthly profit)
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Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
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I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.