Participant

The German index (DAX30) is approaching the uptrend line, the price has failed to move higher, the index has found a short term resistance at the upper median line (UML) of the descending pitchfork. The price is moving down inside of the pitchfork’s body, you can see how the price has tested the support levels (lower median line and uptrend line). If the uptrend line will hold then the price will try another bullish momentum. The price is very aggresive and is possible to break the uptrend line and also the median line (ML) of the descending pitchfork, if this scenario will happen the next target is at the lower median line (LML).

dax

thanks for sharing.

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