The DAX appears to be forming an inverse head and shoulders pattern where we may see a reversal in the current bearish trend. The weekly structure lows are offering support currently and daily price action suggests we could see an inverse head and shoulders pattern form. A break and close above the neckline will allow us to look for long opportunities.
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.