DAX is testing the rising wedge support
DAX is testing the rising wedge support 15150 and is bouncing off it. A confirmed break below this level will lead to a downside reversal and a test of 14200. We need to see a break above 15500 for the upside continuation and extension higher. Test of 15500 is not excluded here but the upside extension will be limited as long as it is below this level.
Note – Look to short upon a break below 15150 or to go long on a confirmed break above 15500
If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.
Copy our trades!
