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themarketzone
Jul 6, 2015 5:15 PM

Couldn't close above SMA line - Bullish pattern for tomorrow? 

DAX index of German listed sharesFXCM

Description

So far, as I wrote earlier today, the DAX couldn't handle the Fast SMA line on the 30 minutes chart.
If it will drop lower, it could complete a bullish Bat pattern towards EU summit tomorrow.

Remember - 30 minutes bullish pattern in a bearish environment can be violated easily but if you're looking for short term opportunity - This could be an interesting one..
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