DAX Buy Signal long-term

Pattern: Channel Up on the 1D time-frame

Signal: Buy as the price hit and held the Higher Lows (bottom) trend-line of the Channel, while hitting the 1W MA50 (red trend-line) for the first time since November 2020. Also the CCI bounced off its multi-month Support Zone.

Target: 16500 (just below the 1.236 Fibonacci extension).



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