Broken out of the formation to the upside.
The medium term bias remains .
Bespoke support is located at 12226.
Positive overnight flows lead to an expectation of a firm open this morning.
Further upside is expected although we prefer to set longs at our bespoke support levels at 12300, resulting in improved risk/reward.
We look to Buy at 12300
Target 1: 12500
Target 2: 12600
The move to 12300 triggered our long trade
Updated: 2019-07-15 10:39:38
Updated: 2019-07-15 11:23:42
We have posted our analysis for DAX here...
Concerned about this head and shoulders setup on the 240min chart. Looking for a bit more downside.
Best of luck to you too.