Long
DAX waving a short-term buy signal again
Following our most recent DAX update, the price did eventually yield to its signs of exhaustion and pulled-back:
The pull-back extended as low as the 1D MA50 (blue trend-line) yesterday where it found support and is rebounding today. This could be a short-term buy signal again, the technical overlay was explained on the previous update. As you see this is similar to the 1D MA50 rebound of October 29 which also came close to the Internal Pivot trend-line and pushed the price to its final blow-off top just below the 2.0 Fibonacci extension. A Target Zone within 16400 - 16600 as the new blow-off top is realistic.
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The pull-back extended as low as the 1D MA50 (blue trend-line) yesterday where it found support and is rebounding today. This could be a short-term buy signal again, the technical overlay was explained on the previous update. As you see this is similar to the 1D MA50 rebound of October 29 which also came close to the Internal Pivot trend-line and pushed the price to its final blow-off top just below the 2.0 Fibonacci extension. A Target Zone within 16400 - 16600 as the new blow-off top is realistic.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.