DAX: On the verge of a collapse to 20,500DAX IndexXETR_DLY:DAXInvestingScopeDAX turned neutral again on its 1D technical outlook (RSI = 51.802, MACD = -8.500, ADX = 22.256) as it failed yet again to break higher but at the same time is holding its 1W MA50 as Support. The 1W RSI is still under a heavy LH pressure, which is technical bearish divergence. Every time this sequence emerged in the past 17 years inside this Channel Up, a strong correction correction of at least -25% followed. Wait for confirmation and the 1W MA50 to break and then target the 1W MA200 (TP = 20,500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##