DAX Short term bullish
DAX is rising before reaching the MA50 (4h).
The patterns involved are two Megaphones.
The MA50 (1d) is supporting long term.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15800 (Fibonacci 1.236 extension, similar to Jan 31st - Feb 2nd rise that was also +3.75%).
Tips:
1. The RSI (4h) also on a perfect harmony with Jan 31st - Feb 2nd, reinforcing the buy now.
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The patterns involved are two Megaphones.
The MA50 (1d) is supporting long term.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15800 (Fibonacci 1.236 extension, similar to Jan 31st - Feb 2nd rise that was also +3.75%).
Tips:
1. The RSI (4h) also on a perfect harmony with Jan 31st - Feb 2nd, reinforcing the buy now.
Please like, follow and comment!!
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