Get started
DAX Index
Short

DAX: -5% to completing head & shoulder

113
It is time to refine my initial take on the Dax; a short term ABCD completion at 11.7k would set up a head & shoulder formation for which a break of the neckline would suggest a -20% correction to test a long-term trend line at the 9.9k level. Keep an eye on the EURUSD which would provide a clue; usually I would say cheap EUR is good for the Dax but this time round, I would imagine it is a sign of stress/fear in the system.
WellTrainedMonkey
Also on:
Chart PatternsDAX IndexHarmonic PatternsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsDAX IndexHarmonic PatternsTrend Analysis
WellTrainedMonkey
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.