DAX First strong buy signal after 1 month

٢٩ يونيو ٢٠٢٣

DAX is testing the MA50 (1d) following a rebound on the MA100 (1d).
That was also the bottom of the short term dashed Channel Up as well as the medium term yellow Channel Up.
Technically this is the strongest buy opportunity since May 31st.

Trading Plan:
1. Buy when a (1d) candle closes above the MA50 (1d).
2. Sell if it closes under the Channel Up.

Targets:
1. 16500 (top of the short term Channel Up).
2. 15450 (bottom of the long term dotted Channel Up).

Tips:
1. The RSI (1d) hit its Rising Support level. Additional buy indication.

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Notes:
Past trading plan: