DAX (DE40) has been trading within a 10-day Bearish Megaphone and is currently on Bullish Leg since yesterday's Lower Low. Having already secured the 1H MA50 (blue trend-line), the market should now test the bearish trend by either a reversal here or a 1H MA200 (orange trend-line) as a Resistance.
Notice also how the 1H RSI Resistance Zone sits just above the current level. We expect a reversal either way, targeting the 4H MA200 (red trend-line) at 24600.
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Notice also how the 1H RSI Resistance Zone sits just above the current level. We expect a reversal either way, targeting the 4H MA200 (red trend-line) at 24600.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.