DAX Can it avoid the drop on this 4H Death Cross?

The German stock index (DAX) just hit the 4H MA50 (blue trend-line) and it getting rejected. This pull-back has high probabilities of turning into a sustainable sell sequence to a Lower Low considering that just two days ago a Death Cross was formed on the 4H time-frame, which is when the 4H MA50 crosses below the 4H MA200 (orange trend-line).

In 2022 every 4H Death Cross failed on or below the 4H MA50 and made a Lower Low with an average -5% fall. A repeat of that would pull DAX down to 13500.

In order to avoid the consequences of the Death Cross, the price needs to close above the 4H MA200, in which case we will target the bottom of the 14570 - 14680 Resistance Zone.

Notice the Lower Highs pattern on the RSI how consistent it is as a bearish signal. We just formed a Lower High.



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