BTC/USD, XRP/USD, ETH/USD, BCH/USD, EOS/USD, LTC/USD
USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
Reliance, INDIABULLS HOUSING, YES BANK, STATE BK OF INDIA, HDFC BANK, TATA STEEL LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
If the pattern completes, target of 240 is on the boards.Buy above 198 for clean breakout.
Symmetrical Triangle Breakout. GO LONG.
As you can see,H&S has been formed on the daily with the right shoulder forming into a nice descending triangle.The bear volume rising consistently supports the analysis.Hedge your positions if long.
It will test 900(major resistance) if it breaks the 800 level.
IS DAX the leader of the markets to guide everyone?
Good probability of it going till 27500.Lets see if the pattern completes.
Note - Completed the head with huge sell volume and the bounce to start forming the right shoulder is weak with low volume. Some of the key points of a H&S pattern.
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