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DAX: Death Cross turning into a Buy Signal.

Long
DAX Futures (EUREX:FDAX1!)  
InvestingScope  
EUREX:FDAX1!   DAX Futures
Trend Analysis Chart Patterns Technical Indicators DAX Index GER30 CFD fdax xetradax germanstocks stocktrading Stocks Indices Indices Americas
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trendanalysis chartpattern indicator dax ger30 fdax xetradax germanstocks stocktrading stocks indices indicesamericas
DAX has touched (and marginally breached) the 11,620 1D Support today (RSI = 36.615, MACD = -138.200, Highs/Lows = -362.6572) forming a Death Cross on 4H (MA50 crossing below the MA200). This is normally a bearish pattern but has proven to be bullish for DAX on the 4H scale.




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