Cabana Capitals Blog Technical Analysis DAX 40 – getting close to resistance of a Rising Wedge

DAX 40 – getting close to resistance of a Rising Wedge

DAX 40 – getting close to resistance of a Rising Wedge post thumbnail image

DAX 40 is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 5 hours.

Supported by Upward sloping Moving Average

Target: 18590.775 Entry: 18515.3 Stop: 18465.3

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