DAX Futures
Short
Updated

DAX head and shoulders

On 1h interval we can identify a potential head and shoulders formation. Sadly confirmation of this move would be dodgy if the move would start after Europe closing. I would watch closely Volume and what happens in US stock for the rest of the day. Risk and Reward ratio seems promising but I would beware of playing that if the move is not confirmed by volume. MACD seems to confirm this move.
Note
Interesting enough if that move would happen given RSI already is at ~36 so its pretty low.

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