A rising wedge is forming after a longer downtrend.
The rising wedge are functioning as a consolidation pattern.
Take in minde that a rising wedge is a poor performer, historically.
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Entry will be when the support is brokken.
if so we could se the price go to 11.800 and 11.700
If not, and the price breaks the resistance line. we could se price go to 12.190. before further downside.
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The index is very correlated with EUR/USD
i se the price of the euro slide a bit further befor gaining again, and therefore the price of dax, have a good chance for further gains. before the 2 mentioned is making a u-turn.
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1. Rising wedge
2. Lower prices in EUR/USD
3. bullish regular divergence ( see in the RSI and Chart)
The rising wedge are functioning as a consolidation pattern.
Take in minde that a rising wedge is a poor performer, historically.
__
Entry will be when the support is brokken.
if so we could se the price go to 11.800 and 11.700
If not, and the price breaks the resistance line. we could se price go to 12.190. before further downside.
___
The index is very correlated with EUR/USD
i se the price of the euro slide a bit further befor gaining again, and therefore the price of dax, have a good chance for further gains. before the 2 mentioned is making a u-turn.
____
1. Rising wedge
2. Lower prices in EUR/USD
3. bullish regular divergence ( see in the RSI and Chart)
Not
4. A trend channel. (zoom out)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.