DAX index has broken through previous resistance.
Cup and Handle formation has been over 2 years so this is a powerful breakout.
Stops at 16,390 and will keep adding to the position in the year.
On the daily, we had a retest of 0.236 Fib level and that coincides with previous resistance.
Seasonally DAX performs well during the 1H of the year.
Cup and Handle formation has been over 2 years so this is a powerful breakout.
Stops at 16,390 and will keep adding to the position in the year.
On the daily, we had a retest of 0.236 Fib level and that coincides with previous resistance.
Seasonally DAX performs well during the 1H of the year.