Aurum Markets Blog Technical Analysis Either a rebound or a breakout imminent on DAX 40

Either a rebound or a breakout imminent on DAX 40

Either a rebound or a breakout imminent on DAX 40 post thumbnail image

A Rising Wedge pattern was identified on DAX 40 at 22110.5, creating an expectation that it may move to the resistance line at 22222.8663. It may break through that line and continue the bullish trend or it may reverse from that line.

Supported by Upward sloping Moving Average

Target: 22222.8663 Entry: 22110.5 Stop: 22048.6

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post