DAX 40 has broken through a support line of a Rising Wedge and suggests a possible movement to 18488.4994 within the next 23 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.
Supported by RSI above 60
Target: 18488.4994 Entry: 18721.9658 Stop: 18806.6
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