Cabana Capitals Blog Technical Analysis DAX 40 – Continuation Chart Pattern – Triangle

DAX 40 – Continuation Chart Pattern – Triangle

DAX 40 – Continuation Chart Pattern – Triangle post thumbnail image

DAX 40 is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If DAX 40 continues in its current trajectory, we could see it reach 18303.9714 within the next 11 hours.

Target: 18303.9714 Entry: 18392 Stop: 18473

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