RF1508

Dax recovering

Long
FX:GER30   DAX Index
Dax has recovered and is trading within it's channel again after a breakout of the descending triangle yesterday.
Next to this it was able to close above the strong weekly resistance.

I expect Dax to rise to .85% of the high of the previous triangle, it might test the resistance first once more.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.