gorillacharts
Long

DAX - Bullish Continuation Descending Triangle

INDEX:DAX   DAX Stock Index
It was a pain trading the DAX             all of last week. Several candles indicated tactical bounces off important breakout supports around 10470 - 490, however the index failed to distance itself from key supports, decisively. Friday ended the week with a bullish engulfing pattern. Bigger picture, we are looking at a descending triangle pattern, which I expect to resolve higher, given the bullish backdrop since February.
Comment: breaking out today - bullish!!
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