trisperon

DAX - Head and shoulders pattern forming?

XETR:DAX   DAX Index
While the very last candle is clearly not showing right now a reversal pattern. Past price action seems to respect a channel movement with a possible formation of a H&S pattern. Let's wait for a month or two. Investment style positions are welcome at the dotted line, all Take Profits equal or greater the actual channel's lower line represent an optimal and low risk trade.
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.