DAX: forming the 1st Golden Cross since December!

DAX has just turned bullish again on its 1D technical outlook (RSI = 58.773, MACD = 85.200, ADX = 45.497) and tonight will form the first 4H Golden Cross in 5 months (since December 2nd 2024). This comes to compliment a 1D MACD Bullish Cross that was formed last week. The pattern is identical to the November - December rise and as you see both rebounds took palce on the S1 level. We are long, expecting the R1 level to be tested (TP = 23,480).


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