German 40 Index CashViés de baixa
Plain&Simple
Dax40 has formed a curvature which price has failed to penetrate to the upside. This has led price to fall under and face rejection by the 50 day moving average. Traders that are conditioned to chart pattern recognition will quickly notice that price structure has formed a textbook *inverted cup&handle*… And as we can all see, the 50 day moving average is looking to cross downward over the 200 day moving average. Experienced traders are aware what this phenomenon means…..
Based of previous held support and retracement, price is likely to hold major support for the pending falling at 19100-19080….
50ma{blue} 200ma{red}
comment, questions &concerns…
Based of previous held support and retracement, price is likely to hold major support for the pending falling at 19100-19080….
50ma{blue} 200ma{red}
comment, questions &concerns…
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