{"id":12611,"date":"2022-10-08T17:55:53","date_gmt":"2022-10-08T17:55:53","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12611"},"modified":"2023-05-15T17:59:46","modified_gmt":"2023-05-15T17:59:46","slug":"dax-broke-the-4h-ma50-bearish-extension","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/10\/08\/dax-broke-the-4h-ma50-bearish-extension\/","title":{"rendered":"DAX Broke the 4H MA50. Bearish extension."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The German stock index (DAX) broke below its 4H MA50 (blue trend-line) on Friday after failed to break and being rejected on the 4H MA100 (green trend-line) earlier this week. This keeps the price inside both the short-term Bearish Megaphone pattern and the longer term Falling Wedge pattern.<\/p>\n<p>That break is a major sell break-out signal and targets directly the 11875 Support. Below that we can only take an extension if DAX makes a closing below the bottom (Lower Lows trend-line) of the Falling Wedge. Otherwise as the price approaches the 11875 Support, it becomes a buy opportunity towards the 4H MA200 (orange trend-line).<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/FDAX1!\/UM1z92JC-DAX-Broke-the-4H-MA50-Bearish-extension\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/FDAX1!\/UM1z92JC-DAX-Broke-the-4H-MA50-Bearish-extension<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The German stock index (DAX) broke below its 4H MA50 (blue trend-line) on Friday after failed to break and being rejected on the 4H MA100 (green trend-line) earlier this week. This keeps the price inside both the short-term Bearish Megaphone pattern and the longer term Falling Wedge pattern. That break is a major sell<\/p>\n","protected":false},"author":611,"featured_media":12612,"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-12611","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\/12611","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=12611"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12611\/revisions"}],"predecessor-version":[{"id":12614,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12611\/revisions\/12614"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12612"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}