DAX: On a clear Bear Cycle path to 20000.DAX IndexXETR_DLY:DAXInvestingScopeDespite the strong rise on the 1D timeframe, DAX is neutral on its 1W technical outlook (RSI = 52.013, MACD = -169.400, ADX = 18.578) as it is on the exact same bearish pattern that it has formed on every Bear Cycle since 2009. So far (excluding the COVID crash) we've had 4 such corrections with the current being the 5th as it has already dipped considerably under its 1W MA50. All of those Bear Cycles corrected to the 1W MA200 minimum, the most recent one in 2022 even reached the 1M MA100 on the 0.236 Channel Fibonacci. Check also that all Bear Cycles have the distinct characteristic of their 1W RSI trading under LH before the Cycle topped. Based on all the above, DAX should aim at the 1W MA200 and the 0.5 Fib minimum (TP = 20,000), even though it could even seek the 0.382 Fib near the 1M MA100. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##