Emerging Rising Wedge pattern in its final wave was identified on the DAX 40 1 hour chart. After a strong bullish run, we find DAX 40 heading towards the upper triangle line with a possible resistance at 21611.5895. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
Because DAX 40 formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
