Cabana Capitals Blog Technical Analysis A potential bullish movement on DAX 40

A potential bullish movement on DAX 40

A potential bullish movement on DAX 40 post thumbnail image

Emerging Rising Wedge detected on DAX 40 – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 17769.3 and it is expected to move to 17846.8559.

Supported by Upward sloping Moving Average

Target: 17846.8559 Entry: 17769.3 Stop: 17608

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