CapMoore

Index Stuck In a Consolidating Triangle Pattern

FX:GER30   DAX Index
108 0 2
Index In Consolidating Triangle Pattern after a test of the
Kumo Cloud and breach of the Kijun Sen and Monthly PP             .
The steep kumo wall ahead of price increase chances of
higher volatility short term, as price try to escape the
contractive net. A breach and close below the Kijun sen
(white equilibrium line) and the Weekly PP             at 9635 may
trigger a drop towards the lower trendline . 9120-9220
is major support by Kumo cloud and previous lows.
A close above the Triangle expose the top above 10000.
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