{"id":11572,"date":"2021-10-01T18:39:35","date_gmt":"2021-10-01T18:39:35","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11572"},"modified":"2023-05-04T18:42:41","modified_gmt":"2023-05-04T18:42:41","slug":"dax-hit-the-1d-ma200-first-time-since-the-us-elections","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2021\/10\/01\/dax-hit-the-1d-ma200-first-time-since-the-us-elections\/","title":{"rendered":"DAX hit the 1D MA200, first time since the US elections!"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>DAX hit today the 1D MA200 (orange trend-line) for the first time since November 04 2020, which was the period of the U.S. elections. That was at the start of a very aggressive end-of-the-year rally.<\/p>\n<p>Right now the index is rebounding after having made a Double Bottom just below the 15040 Support. If we also consider the July 19 Low, then this can be treated as a Triple Bottom. It is possible to see a similar pattern as May &#8211; June 2021, which also rebounded after a Double Bottom, that time on the 1D MA50 (blue trend-line, which is the first Resistance) instead of the MA200. The RSIs of the two fractals are on Inverse Head and Shoulders.<\/p>\n<p>The medium-term target is naturally the Resistance (16000), while on the long-term a price range within 16250 &#8211; 16400 as every previous Higher High since June has been near the 1.382 Fibonacci extension .<\/p>\n<p>Tradinview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/DE40\/UdyhOChS-DAX-hit-the-1D-MA200-first-time-since-the-US-elections\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/DE40\/UdyhOChS-DAX-hit-the-1D-MA200-first-time-since-the-US-elections<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; DAX hit today the 1D MA200 (orange trend-line) for the first time since November 04 2020, which was the period of the U.S. elections. That was at the start of a very aggressive end-of-the-year rally. Right now the index is rebounding after having made a Double Bottom just below the 15040 Support. If we<\/p>\n","protected":false},"author":611,"featured_media":11573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1639],"tags":[],"class_list":["post-11572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stockindices"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11572"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11572\/revisions"}],"predecessor-version":[{"id":11576,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11572\/revisions\/11576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11573"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}