Cabana Capitals Blog Technical Analysis Will DAX 40 have enough momentum to break resistance?

Will DAX 40 have enough momentum to break resistance?

Will DAX 40 have enough momentum to break resistance? post thumbnail image

An emerging Rising Wedge has been detected on DAX 40 on the 30 Minutes chart. There is a possible move towards 19383.6097 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

Supported by Upward sloping Moving Average

Target: 19383.6097 Entry: 19287.3 Stop: 19240.9

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