DAX: 1H MA200 supporting the Channel Up. Target 24,400.

DAX is on strong bullish levels on its 1D technical outlook (RSI = 67.780, MACD = 423.600, ADX = 73.133) maintaining a short term Channel Up. The last HL bottom was priced on the 1H MA200 on an oversold 1H RSI. Buy and target the 0.618 Fibonacci (TP = 24,400).

See how our prior idea has worked out:

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