Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on DAX 40?

Should we expect a breakout or a rebound on DAX 40?

Should we expect a breakout or a rebound on DAX 40? post thumbnail image

DAX 40 is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 14 days. If it tests this line again, it should do so in the next 2 days.

Supported by Upward sloping Moving Average

Target: 23909.6595 Entry: 23698.3 Stop: 23526

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