{"id":12883,"date":"2022-11-29T12:18:59","date_gmt":"2022-11-29T12:18:59","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12883"},"modified":"2023-05-16T12:22:00","modified_gmt":"2023-05-16T12:22:00","slug":"dax-s-incredible-8-straight-green-week-rally-may-come-to-an-end","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/11\/29\/dax-s-incredible-8-straight-green-week-rally-may-come-to-an-end\/","title":{"rendered":"DAX &#8216;s incredible 8 straight green week rally may come to an end"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The German Index (DAX) hit last week its 1W MA100 (green trend-line) and early this week, the 1W candle is pulling-back in red. If it closes this way, it will be the first week of loss (red) since late September, running an amazing streak of 8 straight green ones.<\/p>\n<p>With the 1W RSI almost reaching 65.000 for the first time since November 15 2021 (a whole year ago), a potential 1W MA100 rejection can draw comparisons with the post U.S. &#8211; China trade war recovery early in 2019. As shown on this chart, DAX pulled-back on the 2nd week after breaking above its 1W MA100 and the pull-back broke marginally below the 1W MA50 (blue trend-line).<\/p>\n<p>A megaphone pattern of Higher Highs and Lower Lows took the price just below the 1W MA200 (orange trend-line) before recovering and post a strong rally that broke slightly above its Resistance Zone from the previous All Time Highs.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/FDAX1!\/4WICG30Z-DAX-s-incredible-8-straight-green-week-rally-may-come-to-an-end\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/FDAX1!\/4WICG30Z-DAX-s-incredible-8-straight-green-week-rally-may-come-to-an-end<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The German Index (DAX) hit last week its 1W MA100 (green trend-line) and early this week, the 1W candle is pulling-back in red. If it closes this way, it will be the first week of loss (red) since late September, running an amazing streak of 8 straight green ones. With the 1W RSI almost<\/p>\n","protected":false},"author":611,"featured_media":12884,"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-12883","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\/12883","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=12883"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12883\/revisions"}],"predecessor-version":[{"id":12886,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12883\/revisions\/12886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12884"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}