DAX, Price Action

By Claus Andersen

11. September 2019

60 min chart:

On the 60 min chart price is nearing the target for the head and shoulders pattern. Price is still AIL and I look to buy on lower time frames. Be aware that we might get a deeper pull back shortly. 

15 min chart:

Resistance lines are broken. In this chart look at how consistant the BOPBs are. The spike and channel pattern is nearing the final stages. Often after a spike and channel the beginning of the channel is testet. That could be a target if the market starts to correct. 

New support and resistance levels. 

Have a nice trading week.

Claus Andersen

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