CapMoore

Index Stuck In a Consolidating Triangle Pattern

FX:GER30   DAX index of German listed shares
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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