DAX has almost hit today the 1D MA50 (last time it had contact was March 29th) and reacted with a rebound. The 1D technicals are neutral (RSI = 45.355, MACD = 76.400, ADX = 25.34&) indicating that this is a first Support level but if we close a 1D candle under it, can drop more until they turn red.
Consequently, as long as the 1D MA50 holds, we will keep our first buy open, targeting the R1 (TP = 16,300). If a 1D candle closes under it, we will buy again on the 1D MA100, which is waiting on S2 and keep it for the long term even though a max technical drawdown extendes as low as -6.60%. Those where the % declines on the previous two corrective legs inside the Channel Up since December.
Prior idea:
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Consequently, as long as the 1D MA50 holds, we will keep our first buy open, targeting the R1 (TP = 16,300). If a 1D candle closes under it, we will buy again on the 1D MA100, which is waiting on S2 and keep it for the long term even though a max technical drawdown extendes as low as -6.60%. Those where the % declines on the previous two corrective legs inside the Channel Up since December.
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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Telegram: t.me/investingscope
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
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
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.