Bulls dominate the German NASDAQ
The TecDAX is something like the German NASDAQ (excuse the insult).
The index was in a downward trend for a long time and has made up a lot of ground in recent months.
Currently, the market is in a consolidation phase.
Between March 2022 and January 2023, an inverse shoulder-head-shoulder formation was formed.
A price increase up to the order block is expected.
We should place the stop loss below a gap that is still open from January 2023.
The index was in a downward trend for a long time and has made up a lot of ground in recent months.
Currently, the market is in a consolidation phase.
Between March 2022 and January 2023, an inverse shoulder-head-shoulder formation was formed.
A price increase up to the order block is expected.
We should place the stop loss below a gap that is still open from January 2023.
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.