We have spotted a quirky head and shoulder signal in the Dax some weeks ago. Quirky cause this pattern has had a second right shoulder. Anyhow, neckline got broken and Dax has now reached an area which can be considered to be the take profit. MACD looking to cross soon, too.
I am not recommending open short positions but rather closing any longs for now and to stay put. Note, that a possible trade agreement announcement between the US and China is due tomorrow with stock markets to rally if positiv outlook.
Cheers
TC24
I am not recommending open short positions but rather closing any longs for now and to stay put. Note, that a possible trade agreement announcement between the US and China is due tomorrow with stock markets to rally if positiv outlook.
Cheers
TC24