Indices and commodities
Active
DAX
Short
DAX Rejection Toward €24,950
Rationale
TradingView idea: DAX: 4H MA100 rejection eyes 24,950. for ICMARKETS:DE40 by InvestingScope
TradingView symbol: DAX
DAX turned marginally bearish on its 1D technical outlook (RSI = 44.192, MACD = -88.000, ADX = 19.508) as it got rejected on its 4H MA100 near the top of the 1 month Channel Down. That was a technical LH to start the new bearish wave. The two prior declined by -3.32%. Expect a similar Low towards the 1.5 Fibonacci extension (TP = 24,950).
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