The DAX index has slumped back to 11,700 - the neckline for a long term head and shoulders pattern
Scenario A) The neckline gives way to target 10,500
Scenario B) The neckline holds for another rebound into the consolidation before weakness resumes
Scenario A) The neckline gives way to target 10,500
Scenario B) The neckline holds for another rebound into the consolidation before weakness resumes
Note
Neckline broken and pattern confirmedIf more downside from here - likely to be choppy ride
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Market Analyst for:
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spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.