Aurum Markets Blog Technical Analysis A possible start of a bearish trend on DAX 40

A possible start of a bearish trend on DAX 40

A possible start of a bearish trend on DAX 40 post thumbnail image

DAX 40 moved through the support line of a Rising Wedge at 21680.35789473684 on the 15 Minutes chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 21496.4832.

Supported by RSI above 60

Target: 21496.4832 Entry: 21680.3579 Stop: 21772.6

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