Hello awesome traders, let's have a look at the DAX. I have a new analysis today as the previous exchange seems to be shut down.
Here are the details: The DAX on a weekly chart is trading a cup and handle pattern, and the price is now trading below near the target zone 1 at 62%: 19078.70. After a successful breakout from 16305.21, the target zones are as follows:
Target Zone 1:
62%: 19078.70
78%: 19817.23
Pattern Height:
100%: 20784.96
Here are the details: The DAX on a weekly chart is trading a cup and handle pattern, and the price is now trading below near the target zone 1 at 62%: 19078.70. After a successful breakout from 16305.21, the target zones are as follows:
Target Zone 1:
62%: 19078.70
78%: 19817.23
Pattern Height:
100%: 20784.96