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Dax - back to 19K
Germany DAX 40 Index
Short
Dax - back to 19K
By Umlingo
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Oct 25, 2024
2
Oct 25, 2024
On the intraday chart , the DAX has formed a H&S pattern , that is nearly completed.
This is a bearish pattern , and suggests weakness in the index.
The projection of the Head from the sloped neckline , has a target at 19K.
This pattern commonly has a divergence of price , with momentum and volume, as seen on chart.
Chart Patterns
Technical Indicators
Umlingo
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