Signal_Centre

DAX - Inverse head and shoulders, buying dips

Long
FX:GER30   Indice DAX des actions allemandes cotées
Trade Idea

A bullish reverse Head and Shoulders has formed.
Neckline support is 11850.
Price action looks to be forming a bottom.
Bespoke support is located at 11815.
Further upside is expected although we prefer to set longs at our bespoke support levels at 11815, resulting in improved risk/reward.

We look to Buy at 11815
Stop: 11750
Target 1: 12010
Target 2: 12200

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