Cabana Capitals Blog Technical Analysis Possible start of a bullish trend on DAX 40

Possible start of a bullish trend on DAX 40

Possible start of a bullish trend on DAX 40 post thumbnail image

DAX 40 has broken through a resistance line. It has touched this line numerous times in the last 2 days. This breakout shows a potential move to 18436.6992 within the next 7 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

Supported by Upward sloping Moving Average

Target: 18436.6992 Entry: 18386 Stop: 18357.618

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