DAX tentative reversal

Hey traders! 🌟 Here’s the scoop: we’ve got a tentative head and shoulders pattern forming on our charts. Why "tentative," you ask? Well, it hasn't confirmed itself just yet. This setup hints at a potential trend reversal, but let's not jump the gun.

🔍 What to Watch For:

• Early Warning: Think of this pattern as a whisper of a possible trend direction change. But whispers aren’t enough—we need the full shout! 📣
  
• Confirmation Game: No bearish momentum confirmation before hitting the neckline? No problem! This might just continue the current trend. 📈
  

🔺 Strategy Tip: If the right shoulder forms a triangle and we don’t see that bearish push, lean into the trend continuation play. Ride that wave! 🌊

Stay sharp, stay vibey, and happy trading! 🚀

Yorum:

Price still trading within the tentative pattern.