Inverse Head and Shoulders
The DAX is currently forming the 2nd shoulder of the inverse H&S pattern. Possible entries could be found at a retracement of 0.66 or 0.5 percent of the neckline. Because of the short term downtrend i would suggest a moderate TP at weekly resistances.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.