DAX: Holding the 1D MA50 will start a new bullish wave

٢٦ يوليو ٢٠٢٣

DAX tested again today the 1D MA50, which is the Support since the July 12th Bullish breakout, and reacted with a rebound. With the 1D timeframe neutral (RSI = 54.688, MACD = 65.900, ADX = 24.550) this holding of the 1D MA50 translates to a buy opportunity. In addition, the 1D RSI crossed over its Channel Up. We are long, targeting the HH trendline (TP = 16,500).

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