Target (almost) reached
We have spotted a quirky head and shoulder signal in the Dax some weeks ago. Quirky cause this pattern has had a second right shoulder. Anyhow, neckline got broken and Dax has now reached an area which can be considered to be the take profit. MACD looking to cross soon, too.
I am not recommending open short positions but rather closing any longs for now and to stay put. Note, that a possible trade agreement announcement between the US and China is due tomorrow with stock markets to rally if positiv outlook.
Cheers
TC24
I am not recommending open short positions but rather closing any longs for now and to stay put. Note, that a possible trade agreement announcement between the US and China is due tomorrow with stock markets to rally if positiv outlook.
Cheers
TC24
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.