TradersClub24-International

Dax target (almost) reached

XETR:DAX   DAX Index
We have spotted a quirky head and shoulder signal in the Dax some weeks ago. Quirky cause this pattern has had a second right shoulder. Anyhow, neckline got broken and Dax has now reached an area which can be considered to be the take profit. MACD looking to cross soon, too.

I am not recommending open short positions but rather closing any longs for now and to stay put. Note, that a possible trade agreement announcement between the US and China is due tomorrow with stock markets to rally if positiv outlook.

Cheers
TC24
Nice trade!!! @ what price did you get in?
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@FreddGold, entry with a pending order at 11.705 and a second entry after the Dax rallied again through the neckline
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