DAX holding the MA50 (1d) can push it to a new High.
DAX has completed 7 days of consolidation on the MA50 (1d).
This kind of sideways trading on Supports is usually a technical accumulation before a price jump.
There have already been two similar price jumps that formed Higher Highs inside the 8-month Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 16600 (Rising Resistance).
Tips:
1. The RSI (1d) is rebounding on its Falling Support, same as during the previous Higher Lows of the Channel Up (March 17th 2023 and December 16th 2022).
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Notes:
Past trading plan:
This kind of sideways trading on Supports is usually a technical accumulation before a price jump.
There have already been two similar price jumps that formed Higher Highs inside the 8-month Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 16600 (Rising Resistance).
Tips:
1. The RSI (1d) is rebounding on its Falling Support, same as during the previous Higher Lows of the Channel Up (March 17th 2023 and December 16th 2022).
Please like, follow and comment!!
Notes:
Past trading plan:
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