DAX (DE40) has been trading within a 3-year Channel Up, essentially for the entirety of its Bull Cycle, following the October 2022 bottom of the Inflation Crisis.
The most common Support, hence optimal long-term buy signal/ entry within this pattern, has been the 1W MA50 (blue trend-line), having been hit three times and providing on all instances massive rallies.
Every time that or the 1W MA100 (green trend-line) were hit, the rallies always hit the previous High/ Resistance 1 initially before either a consolidation or a slight pull-back.
As a result, if the market hits the 1W MA50 but manages to close the 1W candle above it, we expect the resulting rally to hit at least 24700 (Resistance 1).
Notice also that every long-term Bullish Leg was confirmed after the 1W RSI broke above its Lower Highs trend-line.
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The most common Support, hence optimal long-term buy signal/ entry within this pattern, has been the 1W MA50 (blue trend-line), having been hit three times and providing on all instances massive rallies.
Every time that or the 1W MA100 (green trend-line) were hit, the rallies always hit the previous High/ Resistance 1 initially before either a consolidation or a slight pull-back.
As a result, if the market hits the 1W MA50 but manages to close the 1W candle above it, we expect the resulting rally to hit at least 24700 (Resistance 1).
Notice also that every long-term Bullish Leg was confirmed after the 1W RSI broke above its Lower Highs trend-line.
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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
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I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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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
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。