DAX Is Breaking Bearish Triangle
Hello traders and investors!
Stocks are still down and we see German DAX trapped in a higher degree wave (B) triangle consolidation which can be already completed or still in progress, so be aware of a continuation lower within wave (C) soon.
From technical point of view, wave (C) can extend its decline even down to 11k, maybe even 10k area, so watch out for more weakness after recent break below lower triangle line, especially if we see today's weekly close at the lows.
Be humble and trade smart!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Stocks are still down and we see German DAX trapped in a higher degree wave (B) triangle consolidation which can be already completed or still in progress, so be aware of a continuation lower within wave (C) soon.
From technical point of view, wave (C) can extend its decline even down to 11k, maybe even 10k area, so watch out for more weakness after recent break below lower triangle line, especially if we see today's weekly close at the lows.
Be humble and trade smart!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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