Cabana Capitals Blog Technical Analysis Confirmed breakout on DAX 40 1 hour chart

Confirmed breakout on DAX 40 1 hour chart

Confirmed breakout on DAX 40 1 hour chart post thumbnail image

A strong resistance level has been breached at 17745.0996 on the 1 hour DAX 40 chart. Technical Analysis theory forecasts a movement to 17982.8301 in the next 20 hours.

Supported by Upward sloping Moving Average

Target: 17982.8301 Entry: 17767.3 Stop: 17686.45

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