DAX Falling wedge upside in tact to 16,375 Long

DAX IndexXETR

Description

⋅ Dec 7, 2022 10:41 AM

DAX has been moving in a strong Falling Wedge this year.
Since it broke up and out of it, we've seen the Moving Averages cross and look bullish.
7 >21 >200
My first target remains at the previous high (start of the wedge).
Target 16,375

Comments

Alishafienasab

⋅ Dec 7, 2022 11:44 AM

short 13500 and buy 16/359 ?

InvestMate

⋅ Dec 15, 2022 9:43 PM

DAX finally broke out of this accumulation after a month, I expect the southward movement to continue