KQMarkets
Short

Dax Inverse Head and Shoulders Pattern

XETR:DAX   DAX Index
We currently see the Dax in an uptrend as it broke out of the inverse had and shoulders pattern and continued it's upward momentum supported by a spike in volume . However we see the index as overbought with the RSI at 73.6 so we still have a short position and would expect the Dax to start falling in the coming weeks.
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