TomPip

GER30 Is it a broadening wedge, megaphone or diamond?

FX:GER30   DAX index of German listed shares
dax
149 1 1
dax
Multiple patterns at play in this 2,5 weeks range area:
- A weak broadening ascending wedge http://thepatternsite.com/abw.html
- A megaphone? http://thepatternsite.com/bt.html
- A diamond? http://thepatternsite.com/diamondt.html

Tank or fly?

Footnote: The smaller the time frame, the weaker the pattern. Most of the thepatternsites.com pattern analysis spawns multiple weeks on the daily time frame, but also work on smaller time frames. General rule: the greater the time frame, the stronger the case!
look4edge
a year ago
yep, all the geometry is there :)
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