DAX has formed a descending wedge on the daily chart. Reversal points are indicated by the arrows. Now, as the DAX approaches the trend line resistance, we're prepared for two outcomes.
Reversal or Breakout?
In either cases, we will wait for a confirmation on the lower timeframes.
Minor S&R levels (dotted lines) indicate, how price will likely behave, no matter, which direction the market decides to go.
Reversal or Breakout?
In either cases, we will wait for a confirmation on the lower timeframes.
Minor S&R levels (dotted lines) indicate, how price will likely behave, no matter, which direction the market decides to go.