TEC DAX Poised to Break Resistance with Bullish PatternKey observations on the TEC DAX chart:
- Fibonacci resistance on a major timeframe.
- Bullish flag formation .
How these elements interact:
Since peaking in November 2021, TEC DAX has undergone a correction, with the market closely respecting the 61.8% Fibonacci resistance level. This level acts
Bulls dominate the German NASDAQThe 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
"Bollinger bands width"In a monthly chart you can see two curved arrows that indicate a contraction in the Bollinger bands, the average that I use is 5 months, I think and I say that a contraction or expansion of the Bollinger bands just given at that moment of their shrinkage or expansion is where a direction of a market
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.