DAX tentative reversal
Hey traders! 🌟 Here’s the scoop: we’ve got a tentative head and shoulders pattern forming on our charts. Why "tentative," you ask? Well, it hasn't confirmed itself just yet. This setup hints at a potential trend reversal, but let's not jump the gun.
🔍 What to Watch For:
🔺 Strategy Tip: If the right shoulder forms a triangle and we don’t see that bearish push, lean into the trend continuation play. Ride that wave! 🌊
Stay sharp, stay vibey, and happy trading! 🚀
🔍 What to Watch For:
- Early Warning: Think of this pattern as a whisper of a possible trend direction change. But whispers aren’t enough—we need the full shout! 📣
- Confirmation Game: No bearish momentum confirmation before hitting the neckline? No problem! This might just continue the current trend. 📈
🔺 Strategy Tip: If the right shoulder forms a triangle and we don’t see that bearish push, lean into the trend continuation play. Ride that wave! 🌊
Stay sharp, stay vibey, and happy trading! 🚀
Note
Price still trading within the tentative pattern.
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.
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.