Emerging Channel Down pattern in its final wave was identified on the DAX 40 30 Minutes chart. After a strong bearish run, we find DAX 40 heading towards the upper triangle line with a possible resistance at 22707.1250. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
Related Posts
CAC 40 seems to be on its way to resistance – a possible opportunity?
CAC 40 is heading towards a line of 7845.1001. If this movement continues, the price of CAC 40…
FTSE 100 moves higher to 8830.28 in the last 65 days.
FTSE 100 hits 8830.28 after a 15.02% move spanning 65 days.
Because CAC 40 formed a Triangle pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
CAC 40 is approaching the resistance line of a Triangle. It has touched this line numerous times in…