Aurum Markets Blog Technical Analysis A potential bearish movement on DAX 40

A potential bearish movement on DAX 40

A potential bearish movement on DAX 40 post thumbnail image

Emerging Falling Wedge detected on DAX 40 – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 24135.0 and it is expected to move to 24028.2062.

Supported by Downward sloping Moving Average

Target: 24028.2062 Entry: 24135 Stop: 24201.2

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