Dax30- Rising wedge warns of o possible correction

15 thg 9, 2020

Unlike American Indices, Dax did not made a new high on this previous leg of euphoria, and from June, the rise is forming a rising wedge.
This should be a signal for bulls that the optimism will come to an end soon and at least a correction is near.
I would pay attention to price action under 13k zone and be prepared for a medium-term sell trade