Cabana Capitals Blog Technical Analysis Possible breach of support level by DAX 40

Possible breach of support level by DAX 40

Possible breach of support level by DAX 40 post thumbnail image

Emerging Channel Up detected on DAX 40 – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 18553.0 and it is expected to move to 18432.9679.

Target: 18432.9679 Entry: 18553 Stop: 18785.4

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