• DAX Analysis

Market news

15 February 2018

DAX Analysis

On weekly time frame chart, we can see that the DAX has depreciating for the last two weeks.

At this moment, we can see that the price is showing some signs of rejection new down movements and eventually we might have here a possible new bullish movement.

Also, we can see that there is a chart pattern (head and shoulders) which we cannot confirm yet because of the right shoulder.

Therefore, whether the price confirms the chart pattern or not, we might expect a new bullish movement (recovery by the price) until the blue zone.


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