A rising wedge is forming after a longer downtrend.
The rising wedge are functioning as a consolidation pattern.
Take in minde that a rising wedge is a poor performer, historically.
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Entry will be when the support is brokken.
if so we could se the price go to 11.800 and 11.700
If not, and the price breaks the resistance line. we could se price go to 12.190. before further downside.
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The index is very correlated with EUR/USD
i se the price of the euro slide a bit further befor gaining again, and therefore the price of dax, have a good chance for further gains. before the 2 mentioned is making a u-turn.
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1. Rising wedge
2. Lower prices in EUR/USD
3. bullish regular divergence ( see in the RSI and Chart)
The rising wedge are functioning as a consolidation pattern.
Take in minde that a rising wedge is a poor performer, historically.
__
Entry will be when the support is brokken.
if so we could se the price go to 11.800 and 11.700
If not, and the price breaks the resistance line. we could se price go to 12.190. before further downside.
___
The index is very correlated with EUR/USD
i se the price of the euro slide a bit further befor gaining again, and therefore the price of dax, have a good chance for further gains. before the 2 mentioned is making a u-turn.
____
1. Rising wedge
2. Lower prices in EUR/USD
3. bullish regular divergence ( see in the RSI and Chart)
註釋
4. A trend channel. (zoom out)
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。