Germany Stock Market Index DAX may be creating a Head and Shoulder pattern at the top. In order to break out and become bullish the Index has to strongly close above the Red line which it has been following for past months.
A weekly close below 10850 levels will confirm a bear market in DAX atleast for the near term.
Watch out for the contagion effect on our Indian markets.
A weekly close below 10850 levels will confirm a bear market in DAX atleast for the near term.
Watch out for the contagion effect on our Indian markets.
Note
H&S confirmed. Watch out for other Europe markets and stocks related to Europe.Note
10350 and 9600 are near term supportsNote
Bounced from above mentioned support
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Related publications
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.