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Antonio_trader
Aug 28, 2019 3:49 PM

DAX inverse head and shoulders 

Germany 30OANDA

Description

Daily chart shows inverse H&S pattern forming, divergence on indicators. MPO could take us back to the broken daily uptrend line. Ideal option would be to see another low on smaller time frame to buy with a better risk reward.
This suggests that markets in Europe should bounce next week. Perhaps as summer ends and investors get back from holidays we shall see increase in volatility.
Good Luck!

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4 hour view

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Trade closed: target reached

MPO hit
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