Dax Inverse Head and Shoulders Pattern

Apr 19, 2019

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Dax Inverse Head and Shoulders Pattern by KQMarkets on TradingView.com

Commentary

We currently see the Dax in an uptrend as it broke out of the inverse had and shoulders pattern and continued it's upward momentum supported by a spike in volume.

However we see the index as overbought with the RSI at 73.6 so we still have a short position and would expect the Dax to start falling in the coming weeks.

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