TradingView
Mihai_Iacob
Oct 29, 2020 6:38 AM

Dax30- Target hit, now what? Short

Description

IN my previous analysis on Dax30 I said that although "timid", we can see an H&S reversal pattern for the German Index.
A break occurred and the price dropped quickly to reach the 11500 target.
In my opinion, we are at the beginning of a medium-term downtrend, and 12k should be very well defended by bears.
Sell rallies around this price could be a good strategy with a great R:R
More