DAX has been trading within a wide Rising Wedge but since the July 31st low, the index has entered into a smaller Channel Up on the 4H chart (RSI = 53.592, MACD = 30.100, ADX = 25.048). As long as the 4H MA50 supports, the pattern resembles the July Channel Up that topped on the 13,300 High.
We are expecting a typucal +4.70% leg towards 13,300 - 13,400 which is our Target Zone.
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We are expecting a typucal +4.70% leg towards 13,300 - 13,400 which is our Target Zone.
** If you like our free content follow our profile to get more daily ideas. **
Comments and likes are greatly appreciated.
** Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. **
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www.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