Germany 40Long
DAX Index - 20k on the cards
DAX index has broken through previous resistance.
Cup and Handle formation has been over 2 years so this is a powerful breakout.
Stops at 16,390 and will keep adding to the position in the year.
On the daily, we had a retest of 0.236 Fib level and that coincides with previous resistance.
Seasonally DAX performs well during the 1H of the year.
Cup and Handle formation has been over 2 years so this is a powerful breakout.
Stops at 16,390 and will keep adding to the position in the year.
On the daily, we had a retest of 0.236 Fib level and that coincides with previous resistance.
Seasonally DAX performs well during the 1H of the year.
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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.