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DAX possible Head & Shoulders pattern
Published Updated Fri, July 6 02:17
Hey there Folks,
Happy Friday!
A quick little post to bring to attention the formation of a potential H&S pattern on the DAX, weekly chart as per below.
You’ll remember we covered the H&S pattern here.
What I like about this, is that it’s on the longer time frame, and should it complete, we can expect to see a test of support at around 10800. Another thing i like about this particular chart is the downward sloping neckline (from left to right). A break of this red line would validate the pattern and offer a potential entry.
Stay tuned traders & enjoy the weekend.
Cheers.
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