- October 25, 2021
- Posted by: Tradingshot Articles
- Category: Stock Indices
My last DAX analysis was on a bus signal after the price broke above the 4H MA50:
The short-term target of the 4H MA200 eventually got reached and now I shift my focus for the medium-term back to the 1D time-frame.
As you see the price has been trading around the 1D MA50 (blue trend-line) for a week. The very same consolidation pattern around the 1D MA50 was last seen from July 23rd to August 3rd. It led to the formation of the 16030 All Time High/ Resistance. I am expecting a similar rise/ target.