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

DAX 40 is heading towards the support line of a Falling Wedge. If this movement continues, the price of DAX 40 could test 23655.1724 within the next 5 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Supported by Downward sloping Moving Average

Target: 23655.1724 Entry: 23748.4 Stop: 23834.4

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